Public Statement 22 of 2023 - Milan Vaško (2023-09-12)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about an individual, Milan Vaško, who is not licensed or regulated by the FSC but is circulating a forged investment business licence and falsely claiming to be authorised to carry on investment business in the British Virgin Islands.

• Nature of concern: Milan Vaško is falsely purporting to be licensed and regulated by the FSC to deal in investments, using a forged investment business licence.
• FSC position: The FSC confirms Milan Vaško has never been licensed or regulated to carry on investment business or any other financial services business in or from the Virgin Islands.
• Public advice: Members of the public are advised to exercise extreme caution if solicited to conduct business with this individual, and to report any relevant information on questionable entities to the FSC.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is purely informational and protective in nature; it does not impose any compliance obligations on licensed entities but serves to alert the public and industry to fraudulent activity associated with this individual.

Applies to

general public, persons or entities solicited to conduct investment business with Milan Vaško