Public Statement 7 of 2021 - NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS (2021-02-17)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) alerting the public that an entity calling itself NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS is not, and has never been, licensed or regulated by the FSC to carry on any financial services business.

• Impersonation: The entity is falsely purporting to be NATIONAL BANK OF THE VIRGIN ISLANDS LIMITED, a bank that is genuinely licensed and regulated by the FSC.
• Fraudulent website: It uses the website www.natbvi.com to advertise and solicit customers for banking, payment transaction and investment services.
• No licence: The FSC confirms the entity has never been licensed or regulated to carry on banking, payment transaction, investment services or any other financial services business in or from the BVI.
• Public advisory: Members of the public are urged to exercise extreme caution if solicited by this entity and to report any relevant information about questionable entities to the FSC.

The statement is issued under Section 37A of the Financial Services Commission Act, 2001 and is purely informational in nature; it does not create ongoing compliance obligations for licensed entities.

Applies to

banks, members of the public