Public Statement 23 of 2023 - PROFITROP LIMITED (2023-09-22)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about PROFITROP LIMITED, an entity falsely claiming to be a BVI-registered company. The FSC confirms PROFITROP LIMITED has never been registered in the BVI and has never been licensed or regulated to conduct payment transactions or any other financial services business in or from the Territory.

• Misrepresentation: PROFITROP LIMITED purports to hold BVI company registration number 2045319, which actually belongs to a different company.
• No licence: The entity has never been licensed or regulated by the FSC for any financial services activity, including payment transactions.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with PROFITROP LIMITED.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule change; it does not impose ongoing compliance obligations on regulated entities. The FSC invites the public to report any information about questionable entities or improper activities purportedly operating in or from the BVI.