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Citco Trust Corporation Ltd. Operating as Citco Trust Corp. - Advisory Warning No. 1 of 2015 (11 February 2015)

Advisory Warning No. 1 of 2015

11 February, 2015

ADVISORY WARNING

“Citco Trust Corporation Ltd.”

Operating as “Citco Trust Corp”

The British Virgin Islands Financial Services Commission (“FSC”) has been made aware that an entity operating by the name CITCO TRUST CORPORATION LTD. and its abbreviated name CITCO TRUST CORP. (the impersonator), is impersonating a genuine BVI licenced company with a similar name, CITCO TRUST CORPORATION LIMITED.  The FSC informs the public that persons by the name of STEVEN BARKLEY, ROBIN VAN DER BEEK, ADAM LAWRENCE AND ROSS WYLIE are not associated with or employed by the BVI Licensee, Citco Trust Corporation Limited.


CITCO TRUST CORPORATION LTD AND OR CITCO TRUST CORP. (the impersonator) is purporting to act as investment advisor and administrator to an entity operating by the name COLONIAL EQUITY LLC, which intern is purporting to offer a take-over bid for an entity by the name of ZAMARAT MINING.


The FSC can confirm that CITCO TRUST CORPORATION LTD (the impersonator) is not a registered entity and has never been licenced to carry on financial services business in or from within the Virgin Islands. Also, CITCO TRUST CORPORATION LTD, (the impersonator), ZAMARAT MINING AND COLONIAL EQUITY have no connection with the BVI Licensee, CITCO TRUST CORPORATION LIMITED. Additionally, CITCO TRUST CORPORATION LTD. (the impersonator), is not to be confused with the BVI licensee CITCO TRUST CORPORATION LIMITED. Confirmation of Citco Trust Corporation Limited registration can be found on the FSC’s website www.bvifsc.vg.


Members of the public are therefore advised to exercise extreme caution if solicited at any time by CITCO TRUST CORPORATION LTD. (the impersonator), or its aforementioned company name, or by any of the above named individuals.


The public is invited to provide the FSC with any relevant information on this, and any other questionable entities that are purportedly operating in or from within the Territory.

The British Virgin Islands Financial Services Commission (“FSC”) is issuing this advisory warning under Section 4 (1) (l) of the Financial Services Commission Act, 2001.

 

Robert A. Mathavious

Managing Director/CEO

British Virgin Islands Financial Services Commission,

Pasea Estate, Road Town, Tortola,

British Virgin Islands

Telephone:  (284) 494-4190

Facsimile:  (284) 494-5016

Email:  commissioner@bvifsc.vg

Website:  www.bvifsc.vg

Hours:  Monday-Friday 8.30am-4.30pm

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Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg