Public Statement 3 of 2021 - British Virgin Islands Financial Regulator (2021-01-25)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 25 January 2021, under Section 37A of the Financial Services Commission Act, 2001. It alerts the public that an entity calling itself BRITISH VIRGIN ISLANDS FINANCIAL REGULATOR, purporting to operate from Flemming House, Fleming St. 1, Road Town, Tortola, has never been licensed or regulated by the FSC.

• Nature of the entity: The entity falsely claims to offer investment protection, payment transaction and related financial and legal services from a BVI address.
• FSC finding: The FSC confirms this entity is not and has never been licensed or regulated to carry on any financial services business in or from within the BVI.
• Public advice: Members of the public are advised to exercise extreme caution if solicited by this entity and to report any information on questionable entities or improper activities to the FSC.

This notice is informational and protective in nature, aimed at warning consumers and the industry rather than imposing continuing compliance obligations on regulated entities.

Applies to

members of the public