Aggregated News From Investment Management Regulators

Public Statement 28 of 2021 – CENTRAL FOREX LIMITED

Report/Flag

Please complete the required fields.



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 CENTRAL FOREX LIMITED 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:

CENTRAL FOREX LIMITED is circulating a forged investment business licence and is falsely purporting to be authorised and licensed in the BVI for the purpose of carrying out investment business by dealing in investments as an entity licensed and regulated by the FSC.  To facilitate its fraudulent enterprise, CENTRAL FOREX LIMITED is using a fraudulent website URL: https://www.Royalfxfund.com for the purpose of advertising and soliciting customers for investment services.  Such services are required to be licensed by the FSC.

The FSC hereby informs the public that CENTRAL FOREX LIMITED is not 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 CENTRAL FOREX 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.

This news item was originally published by the British Virgin Islands Financial Services Commission (BVIFSC VG). For more information, please see the Source Link.

Regulator Information

Abbreviation: BVI FSC
Jurisdiction: British Virgin Islands

Recent Articles

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×