Public Statement 9 of 2025 - MVM Bank or MVM Overseas Capital Ltd

MVM Bank /MVM Overseas Capital Ltd

Tortola, British Virgin Islands – 29 April 2025 - 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 MVM Bank and/or MVM Overseas Capital Ltd and to make the general public aware that the entity is not licensed or regulated by the FSC to carry on any type of financial services business in or from within the Territory of the Virgin Islands.

The details are:

MVM Bank and/or MVM Overseas Capital Ltd, is soliciting persons and circulating a licence purporting to be regulated and/or licensed to operate under the regulatory oversight of the Financial Regulatory System, in accordance with the Federal Financial Institution Authorization (FFIA), in or from within the Territory of the Virgin Islands, to provide banking and financial services such as account management, investment services, and cross-border transactions.

The FSC hereby informs the public that MVM Bank and/or MVM Overseas Capital Ltd

(website address: mvm-bank.com) is not a BVI Business Company and has never been licensed or regulated by the FSC to carry on banking business or any type of 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 type of financial services business with MVM Bank and/or MVM Overseas Capital Ltd. 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.