| 8/11/2010 - Willow Grove Life Insurance Company - Advisory Warning No. 5 of 2010
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Tortola, British Virgin Islands – 11 August, 2010 - The British Virgin Islands Financial Services Commission (the “FSC”) is issuing this Advisory Warning under Section 4 (1) of the Financial Services Commission Act, 2001.
The FSC wishes to inform the public that Willow Grove Life Insurance Company Limited is no longer licensed under the Insurance Act, 1994 (the “Act”) to carry on insurance business in or from within the British Virgin Islands. |
| 8/11/2010 - Team Casualty Insurance Company and Willow Grove Life Insurance Company - Advisory Warning No. 4 of 2010
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The Commission wishes to inform the public that Team Casualty Insurance Company Limited and Willow Grove Life Insurance Company Limited are no longer licensed under the Insurance Act, 1994 to carry on insurance business in or from within the British Virgin Islands. |
| 7/26/2010 - VIP BANK, INC. - Advisory Warning No. 3 of 2010
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The Commission wishes to inform the public that VIP BANK, INC., is not incorporated or registered in the British Virgin Islands or licensed to carry on financial services business in or from within the Territory. |
| 6/9/2010 - WI Net Corporation - Advisory Warning No. 2 of 2010
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Tortola, British Virgin Islands – 9 June, 2010 - The British Virgin Islands Financial Services Commission (the “FSC”) wishes to inform the public that WI NET CORPORATION, also operating as WATER INVESTMENT, is not licensed to carry on financial services business in or from within the Territory. |
| 5/18/2010 - Approved Auditors under the Securities and Investment Business Act (SIBA)
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Pursuant to Section 75 of Securities and Investment Business Act, 2010, the following is a list of auditors approved by the BVI Financial Services Commission as at 17 May, 2010.
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| 3/31/2010 - FATF Public Statement - Advisory Warning No. 1 of 2010 (31 March 2010)
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Tortola, British Virgin Islands – 31 March, 2010 – On 18 February, 2010, the Financial Action Task Force (FATF) issued a public statement on deficiencies in the AML/CFT regimes of a number of countries namely: Iran, Angola, Uzbekistan, Turkmenistan and Pakistan. The public statement which is reproduced below and is available in original form on the FATF website was issued following the work carried out by the International Co-operation Review Group (ICRG) in relation these jurisdictions. |
| 11/17/2009 - Golden Gate Education Ltd., Golden Gate Ltd., FinancerzWorld - Advisory Warning No. 24 of 2009
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The FSC wishes to inform the public that Golden Gate Education Ltd., also operating as Golden Gate Ltd. and FinancerzWorld, is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Golden Gate Education Ltd., also operating as Golden Gate Ltd. and FinancerzWorld. |
| 11/17/2009 - FX World Online Ltd. - Advisory Warning No. 23 of 2009
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The FSC wishes to inform the public that FX World Online Ltd is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with FX World Online Ltd.
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| 11/6/2009 - HMNH Capital Management Ltd. and HMNH Capital Ltd - Advisory Warning No. 21 of 2009
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The FSC wishes to inform the public that HMNH Capital Management Ltd, also operating as HMNH Capital Ltd, is not licensed to carry on financial services business in or from within the Territory and it is not registered or incorporated in the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with HMNH Capital Management Ltd, also operating as HMNH Capital Ltd. |
| 11/6/2009 - Offshore Asset Management Inc. - Advisory Warning No. 22 of 2009
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The FSC wishes to inform the general public that Offshore Asset Management Inc. is not incorporated or registered in the British Virgin Islands, and that Offshore Asset Management Inc. is not licensed to conduct any financial services business in or from within the British Virgin Islands. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Offshore Asset Management Inc.
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| 7/13/2009 - SP Trade Investments Capital Ltd. and SP Trader Management Company Ltd. - Advisory Warning No. 18 of 2009
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The FSC wishes to inform the public that SP Trade Investments Capital Ltd. and SP Trader Management Company Ltd. are not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with SP Trade Investments Capital Ltd. and SP Trader Management Company Ltd. |
| 7/13/2009 - Taurus Global Markets Ltd. - Advisory Warning No. 17 of 2009
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The FSC wishes to inform the public that Taurus Global Markets Ltd. is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Taurus Global Markets Ltd. |
| 7/13/2009 - iTrade Capital Markets Ltd. - Advisory Warning No. 16 of 2009
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The FSC wishes to inform the public that iTrade Capital Markets Ltd. is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with iTrade Capital Markets Ltd.
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| 7/13/2009 - CC Logic LLC - Advisory Warning No. 15 of 2009
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The FSC wishes to inform the public that CC Logic LLC is not licensed to carry on registered agent services business in or from within the British Virgin Islands, and it is not incorporated or registered in the British Virgin Islands. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with CC Logic LLC. |
| 7/13/2009 - European Direct International Insurance Limited - Advisory Warning No. 14 of 2009
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The FSC wishes to inform the public that European Direct International Insurance Limited is not licensed to carry on insurance business in or from within the British Virgin Islands, and it is not registered or incorporated in the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with European Direct International Limited.
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| 7/10/2009 - Pro Finance Group Inc. (PFGFX) - Advisory Warning No. 13 of 2009
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The Commission wishes to inform the public that Pro Finance Group Inc. (PFGFX) is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Pro Finance Group Inc. (PFGFX). |
| 7/10/2009 - Marketiva Corporation - Advisory Warning No. 12 of 2009
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The Commission wishes to inform the public that Marketiva Corporation is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Marketiva Corporation.
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| 7/10/2009 - Gold-Tech (GT) Services Limited and Kaizen Corporate Services Limited - Advisory Warning No. 11 of 2009
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The Commission wishes to inform the public that Gold-Tech (GT) Services Limited and Kaizen Corporate Services Limited are not licensed to carry on registered agent services business in or from within the British Virgin Islands, and that they are not incorporated or registered in the British Virgin Islands. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Gold-Tech (GT) Services Limited and Kaizen Corporate Services Limited.
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| 7/10/2009 - MBC Financial Services Ltd., and Multiple Banks Clearing (MBC FX) - Advisory Warning No. 10 of 2009
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The FSC wishes to inform the public that MBC Financial Services Ltd., and Multiple Banks Clearing (MBC FX) are not licensed to carry on banking or financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with MBC Financial Services Ltd., and Multiple Banks Clearing (MBC FX).
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| 6/16/2009 - Foreign Exchange Currency Trading Frauds. - Advisory Warning No. 9 of 2009
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The FSC is warning investors to beware of Foreign Exchange Currency Trading Frauds. Many entities are professing to offer high yield, low risk investment opportunities from investments in foreign currency contracts. These deals are normally scams and although they may look like a new sophisticated form of investment opportunity it is a form of financial fraud especially perpetrated on retail customers.
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