Author Archives: Mike

Advisory Warning issued on company named Home Broker

An Advisory Warning was issued by the BVI FSC concerning the company named HOME BROKER. The company purported to be licensed and regulated in the jurisdiction and offered investments in binary options through its website at http://www.hbroker.ru/. It was confirmed … Continue reading

Posted in Unlicensed offshore services | Leave a comment

BVI FSC issued information on the Terrorist-Asset-Freezing etc. Act 2010 Amendment Order

The British Virgin Islands Financial Services Commission issued Advisory Warning informing that The Terrorist-Asset-Freezing etc. Act 2010 (Overseas Territories) (Amendment) Order 2017 was ratified and extended to the British Virgin Islands on 8 March 2017. The Order amends the Terrorist … Continue reading

Posted in British Virgin Islands, Offshore tax havens | Leave a comment

Britain advised to cut off Commonwealth States including BVI

German MEP Sven Giegold has demanded Britain to cancel all existing tax haven policies and cut its relationships with main partners in the British Commonwealth, as negotiations continue with Brexit. In his opinion, Prime Minister Theresa May would have to … Continue reading

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BVI FSC issued Advisory Warning on Base2Trade

The BVI Financial Services Commission published an advisory warning informing that the company calling itself Base2Trade that previously operated at www.base2trade.com and presented itself as being registered in the jurisdiction, appears to falsely claim to be headquartered in the BVI. … Continue reading

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New US Treasury Secretary asked for tax haven problem decision

The new nominee of Trump administration for Treasury Secretary, Steve Mnuchin, was asked by Senate about his intention to close down Caribbean tax havens. Members of the US Senate requested details of how it is expected to close the tax … Continue reading

Posted in BVI Companies, Money Laundering, Offshore investment schemes, Offshore tax havens, Tax avoidance, Tax Shelters | Leave a comment

Advisory Warning published on XMAXBIT

The BVI Financial Services Commission has published an Advisory Warning about the entity naming itself XMAXBIT and presenting itself as being registered and incorporated in the British Virgin Islands whilst presenting a false certificate of incorporation through a website at … Continue reading

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BVI FSC published Advisory Warning on Intercruise Recruitment Agency Ltd

The BVI FSC has published an Advisory Warning, informing the public about the entity named Intercruise Recruitment Agency Ltd, which presented itself as being registered and incorporated in the British Virgin Islands while having a false certificate of incorporation. The … Continue reading

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BVI arm of Mossack Fonseca fined by BVI FSC

The British Virgin Islands Financial Services Commission has fined Mossack Fonseca & Co (BVI) Limited for US$440,000, the largest amount ever issued by the FSC, for the contravention of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI … Continue reading

Posted in BVI Companies, BVI Government, Investigation | Leave a comment

BVI-owned hotel’s placed on liquidation and put on sale

The Scotsman Hotel in Edinburgh, the five-star hotel with 150 staff was placed into liquidation in July 2016, after HM Revenue & Customs filed a winding up order against owners of JJW Hotels. In the beginning of July, JJW Hotel … Continue reading

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Polo Resources’ investee company published arbitration update

Polo Resources Limited, the natural resources investment company based in the British Virgin Islands, announced that its 33.2 per cent investee company Celamin Holdings NL issued an update concerning the resolution of the dispute between its wholly owned subsidiary Celamin … Continue reading

Posted in Court decisions, Litigation | Leave a comment