Author Archives: Mike

BVI company’s suspicious transactions investigated by US federal law officials

The news agency published information about the previously undisclosed complex web of financial transactions, which involved the transfer of money from Russia and Switzerland to the British Virgin Islands, Bangkok and New Jersey. The suspicious money transfers involved the participants … Continue reading

Posted in BVI Companies, Investigation, Money Laundering, Offshore investment schemes, Offshore tax havens, Politician Deals | Leave a comment

BVI company’s shares temporarily suspended on AIM

Premier African Minerals Limited announced that trading of its ordinary shares on the AIM stock exchange had been temporarily suspended from July 2, 2018, pending publication of the company’s annual report and accounts, which should have been published by June … Continue reading

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BVI FSC warned investors on Pyramid scheme frauds

The British Virgin Islands Financial Services Commission has issued advisory warning concerning Pyramid Scheme Frauds and other related investment scams. In the warning, pyramid scheme is defined as fraudulent money-making scheme based on non-sustainable business model that involves the exchange … Continue reading

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UK accepts amendment forcing BOTs to make public registers of beneficial owners

The amendment to the Sanctions and Anti-Money Laundering Bill, which was strongly opposed by the Organisation of Eastern Caribbean States (OECS), still was accepted by the UK government. According to the new provisions to the legislation, British Overseas Territories will … Continue reading

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BVI FSC issued statements on Kerford Investments Limited, DOMINION S.X. Ltd., BNRoptions Ltd, and Bgo group Ltd

A number of public statements were issued by the British Virgin Islands Financial Services Commission to protect the public interest, and the interests of any customers or creditors of Kerford Investments Limited, DOMINION S.X. Ltd., formerly known as Qualiom Financial … Continue reading

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The Commission warns public on the company known as Trade Time Investment

The BVI FSC issued public statement pursuant to Section 37A(2) of the Financial Services Commission Act, 2001, to protect the public interest and the interests of any customers or creditors of the company known as Trade Time Investment, to make … Continue reading

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BVI FSC issued public statement on Smiths Gore and Son’s Reserve Loan Company

The British Virgin Islands Financial Services Commission has issued the public statement regarding Smiths Gore and Son’s Reserve Loan Company, in order to protect the interests of the public and of any customers and creditors of this company, and to … Continue reading

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Companies from British Virgin Islands to buy East Anglian properties

The companies registered in Guernsey, Jersey, the British Virgin Islands and the Isle of Man are revealed to be the biggest overseas buyers of property in East Anglia. Since 2015, offshore firms from these tax havens have spent more than … Continue reading

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17 jurisdictions blacklisted by EU, BVI receiving temporary pass

The EU has released blacklist of 17 countries which are said to be tax havens not doing enough to cope with offshore avoidance schemes. Among these countries there are the United Arab Emirates, Bahrain, Tunisia, Panama, South Korea, Macau, Barbados, … Continue reading

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BVI among countries named in new ‘Paradise Papers’ leak

In the end of last week the US-based International Consortium of Investigative Journalists (ICIJ), which released Panama Papers last year, made public the Paradise Papers, a leak containing over 13 million documents being sifted through by journalists in more than … Continue reading

Posted in British Virgin Islands, Investigation, Offshore secrecy, Offshore tax havens, Politician Deals, Tax avoidance | Leave a comment