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 YABO SPORTS AND ASIA GAMING 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:
YABO SPORTS AND ASIA GAMING is purporting to be a British Virgin Islands (“BVI“) registered entity providing investment business services to the general public. This is regulated activity under BVI legislation and may only be carried out by a company which is licensed and regulated by the FSC to conduct investment business.
The FSC hereby informs the public that YABO SPORTS AND ASIA GAMING is not a BVI registered company and has never been licensed or regulated to carry on investment business, or any 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 YABO SPORTS AND ASIA GAMING. 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.