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

ICFX Capital

Disclosure summary

Disclosure matching Name matching
Disclosure time 2020-11-12
Reason for punishment The entity is not and has never been registered, licensed or regulated to carry on FX trading transactions, or any other type of financial services business, in or from within the BVI.

Disclosure details

Public Statement 22 of 2020 - ICFX COMPANY LIMITED

Public Statement 22 of 2020 - ICFX COMPANY LIMITED Public Statements PUBLIC STATEMENT ICFX COMPANY LIMITED Tortola, British Virgin Islands (the "BVI") - 12 November 2020 - 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 ICFX COMPANY LIMITED and to make the general public aware that the entity has never been registered, licensed or regulated by the FSC to carry on any type of financial services business. The details are: ICFX COMPANY LIMITED is falsely purporting to be regulated by the FSC to conduct FX trading services. Such services, if conducted in or from within the BVI, or by a company registered in the BVI, are required to be licensed and regulated by the FSC. The FSC hereby informs the public that ICFX COMPANY LIMITED is not and has never been registered, licensed or regulated to carry on FX trading transactions, or any other type of financial services business, in or from within the BVI. Members of the public are advised to exercise extreme caution if solicited at any time to conduct business with ICFX COMPANY LIMITED. The public is invited to provide the FSC with any relevant information on any questionable entities which 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

2024-03-25

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)