Public Statement 9 of 2025 - MVM Bank or MVM Overseas Capital Ltd (2025-04-29)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) on 29 April 2025, alerting the public that MVM Bank and/or MVM Overseas Capital Ltd is not licensed or regulated to carry on banking or any financial services business in or from the British Virgin Islands.

• Entity named: MVM Bank and/or MVM Overseas Capital Ltd, operating via the website mvm-bank.com
• Concern raised: The entity is soliciting persons and circulating a purported licence claiming regulatory oversight under a Federal Financial Institution Authorization (FFIA), offering banking and financial services such as account management, investment services and cross border transactions
• FSC finding: The entity is not a BVI Business Company and has never been licensed or regulated by the FSC for banking or any financial services business in or from the Territory
• Legal basis: Issued pursuant to Section 37A of the Financial Services Commission Act, 2001

The FSC advises members of the public to exercise extreme caution and avoid conducting any financial services business with this entity, and invites anyone with information on questionable entities or improper activities in or from the Territory to contact the Commission.

Applies to

members of the public, unlicensed entity (MVM Bank / MVM Overseas Capital Ltd)