Public Statement 32 of 2021 - VAST TRIUMPH HOLDING LIMITED (2021-12-16)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about VAST TRIUMPH HOLDING LIMITED, an entity operating a website (vasttriumph.com) that purports to offer a Forex trading platform. The FSC confirms that this entity is not, and has never been, licensed or regulated by the FSC to conduct investment business or any other financial services business in or from the BVI.

• Unlicensed activity: Forex trading is a regulated investment business activity under BVI legislation and may only be carried out by an entity licensed by the FSC.
• Public warning: Members of the public are advised to exercise extreme caution before engaging with the website or if solicited to conduct business with VAST TRIUMPH HOLDING LIMITED.
• Call for information: The public is invited to provide the FSC with information on questionable entities purportedly operating in or from the BVI and any improper activities.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is purely informational and does not create ongoing compliance obligations for regulated entities; it serves to alert the public and industry to an unlicensed operator.

Applies to

members of the public, unlicensed entities purporting to conduct investment business