Aggregated News From Investment Management Regulators

Public Statement 7 of 2021 – NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS

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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 NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS 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:

NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS is falsely purporting to be NATIONAL BANK OF THE VIRGIN ISLANDS LIMITED, which is a bank licensed and regulated by the FSC. To facilitate its fraudulent enterprise NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS is using a fraudulent website URL: www.natbvi.com for the purpose of advertising and soliciting customers for banking, payment transaction and investment services. Such services are required to be licensed and regulated by the FSC.

The FSC hereby informs the public that NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS is not and has never been licensed or regulated to carry on banking, payment transaction and investment services, or any other type of 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 NATIONAL BANK OF THE BRITISH VIRGIN ISLANDS. 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.

Action Date:
Wednesday, 17 February, 2021
Posting Date:
Wednesday, 17 February, 2021
Category:
Is Amendment?:
Is Statutory Instrument?:

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

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