Public Statement: Trust Investment Bank BVI (2018-08-16)

Summary

This is a public warning notice issued by the BVI Financial Services Commission on 16 August 2018 concerning an entity calling itself Trust Investment Bank BVI. The FSC states that this entity has never been licensed or regulated by the FSC to conduct any financial services business in or from the BVI, and warns the public accordingly.

• Entity concerned: Trust Investment Bank BVI, purportedly registered at an address in London and linked to the website www.trustinvestmentbankbvi.com.
• False claim: The entity has falsely claimed to be the first Islamic bank in the BVI.
• Licensing status: The Company was not incorporated in the BVI and has never been licensed by the FSC to conduct any type of financial services business there.
• Public advisory: Members of the public are advised to exercise extreme caution and to refrain from conducting any financial services business with the Company.
• Legal basis: The statement is issued pursuant to Section 37A(2) of the Financial Services Commission Act, 2001.

The FSC also invites the public to report any information about this entity or other questionable entities purportedly operating in or from the BVI. This notice creates no ongoing compliance obligations for licensees; it is an investor and public warning rather than a regulatory requirement.

Applies to

general public, prospective customers or creditors of the named entity