Public Statement 22 of 2020 - ICFX COMPANY LIMITED (2020-11-12)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about ICFX COMPANY LIMITED, an entity that has never been registered, licensed or regulated by the FSC to conduct any financial services business, including FX trading services.

• Nature of concern: ICFX COMPANY LIMITED is falsely purporting to be regulated by the FSC to conduct FX trading services, which require a licence if conducted in or from within the BVI or by a BVI-registered company.
• FSC finding: The FSC confirms ICFX COMPANY LIMITED is not and has never been licensed, registered or regulated to carry on FX trading or any other financial services business in or from within the BVI.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with ICFX COMPANY LIMITED, and are invited to report information on questionable entities or improper activities to the FSC.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is informational and protective in nature; it does not impose ongoing compliance obligations on licensed or regulated entities.