Public Statement 20 of 2024 - Oliver Virtanen (2024-11-05)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) under Section 37A of the Financial Services Commission Act, 2001. It alerts the public that an individual named Oliver Virtanen has been circulating a forged investment business licence and falsely claiming to be licensed by the FSC to deal in investments and arrange investment deals.

• Nature of the alert: Oliver Virtanen is not and has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from within the Virgin Islands.
• Public advisory: Members of the public are urged to exercise extreme caution and avoid conducting any business with this individual.
• Call for information: The FSC invites the public to report any relevant information about questionable entities or improper activities purportedly operating in or from the Territory.

This notice is purely informational and protective in nature; it does not impose ongoing compliance obligations on licensed entities, but rather warns the public and industry about a fraudulent, unlicensed actor.