Public Statement 31 of 2023 - NOBLE ELITE EXCHANGE (2023-11-13)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 13 November 2023 concerning an entity calling itself NOBLE ELITE EXCHANGE. The FSC states that this entity is circulating a forged investment business licence and falsely claims to be authorised in the BVI to carry on investment business by dealing in investments as principal and arranging deals in investments.

• Not licensed: NOBLE ELITE EXCHANGE is not a BVI company and has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from the BVI.
• Forged licence: The entity is circulating a forged investment business licence purporting to authorise it to deal in investments as principal and arrange deals in investments.
• Public advisory: Members of the public are advised to exercise extreme caution and avoid conducting any business with NOBLE ELITE EXCHANGE.
• Legal basis: The statement is issued under Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule change; it does not impose ongoing regulatory obligations on licensed entities, but the FSC invites the public to report any information about questionable entities or improper activities linked to NOBLE ELITE EXCHANGE.

Applies to

general public, persons solicited by NOBLE ELITE EXCHANGE