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.

Disclose broker

Danger Unauthorized

Profitrop

Disclosure summary

Disclosure matching Name matching
Disclosure time 2023-09-22
Reason for punishment PROFITROP LIMITED is falsely purporting to be a company registered in the British Virgin Islands (the BVI) with the registration number 2045319, which is assigned to another company.

Disclosure details

Public Statement 23 of 2023 - PROFITROP LIMITED

Public Statement 23 of 2023 - PROFITROP LIMITED Public Statements PROFITROP LIMITED Tortola, British Virgin Islands - 22 September 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 PROFITROP LIMITED 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: PROFITROP LIMITED is falsely purporting to be a company registered in the British Virgin Islands (the BVI) with the registration number 2045319, which is assigned to another company. The FSC hereby informs the public that PROFITROP LIMITED has never been registered as a company in the BVI and has never been licensed or regulated to carry on payment transactions or any other type of financial services business in or from within the Territory. Members of the public are advised to exercise extreme caution if solicited at any time to conduct business with PROFITROP LIMITED. 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.

Annex

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Danger

2024-09-02

Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney)