Disclosure details -

British Virgin Islands Financial Services Commission

Year 2000Regulated by Government

The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.

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Danger Unauthorized

MIDASFXTRADES

Disclosure summary

Disclosure matching Name matching
Disclosure time 2023-11-06
Reason for punishment MIDASFXTRADE is circulating a forged investment business licence and is falsely purporting to be authorised and licensed in the BVI for the purpose of carrying on investment business by Dealing in Investments as Principal and Arranging Deals in Investments as an entity licensed and regulated by the FSC.

Disclosure details

Public Statement 29 of 2023 - MIDASFXTRADE

Public Statement 29 of 2023 - MIDASFXTRADE Public Statements MIDASFXTRADE Tortola, British Virgin Islands - 6 November 2023 - The British Virgin Islands Financial Services Commission (the FSC) considers it necessary to issue this Public Statement in order to protect the customers, creditors or persons who may have been solicited to conduct business by MIDASFXTRADE and to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business. The details are: MIDASFXTRADE is circulating a forged investment business licence and is falsely purporting to be authorised and licensed in the BVI for the purpose of carrying on investment business by Dealing in Investments as Principal and Arranging Deals in Investments as an entity licensed and regulated by the FSC. The FSC hereby informs the public that MIDASFXTRADE is not a BVI company and has never been licensed or regulated to carry on investment business or any financial services business in or from within the Territory of the Virgin Islands. Members of the public are advised to exercise extreme caution and to avoid conducting any business with MIDASFXTRADE. The public is invited to provide the FSC with any relevant information on any questionable entities that are purportedly operating in or from within the Territory and on any improper activities engaged in by such entities. The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.

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Danger

2024-08-13

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