Author Archives: Mike

BVI FSC issues public statements on E-Crypto Trade & Finance Group and ZAR Solutions Limited

The British Virgin Islands Financial Services Commission issued public statements concerning the companies named E-Crypto Trade & Finance Group, Inc. and ZAR Solutions Limited, in order to protect the public interest, and the interests of any customers or creditors of … Continue reading

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Capital Economics reports BVI companies allowing to avoid US$750mln tax

According to the new report by British company Capital Economics, the assets held offshore in the BVI jurisdiction are worth US$1.5 trillion, twice more than the 2010 statistics of the International Monetary Fund. Two thirds of the BVI-registered companies are … Continue reading

Posted in British Virgin Islands, BVI Companies, Offshore secrecy, Offshore tax havens, Tax avoidance, Tax planning, Tax Shelters | Leave a comment

BVI FSC warns public on Private Placement Associates

The British Virgin Islands Financial Services Commission has been made aware that the company named Private Placement Associates has offered investments business services through its website www.privateplacement.ae/, while purporting to be licensed and regulated in the jurisdiction. It was confirmed … Continue reading

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BVI FSC publishes statement on OKPAY Inc

The Financial Services Commission has issued public statement concerning the company named OKPAY Inc., to inform the public that the company has never been licensed or regulated by the BVI FSC to carry any type of financial services business. The … Continue reading

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BVI FSC issued public statement on Eleuthera Insurance Limited

The British Virgin Islands Financial Services Commission issued a public statement to protect the public interest and interests of customers and creditors of Eleuthera Insurance Limited, and to make the general public aware that this company is no longer licensed … Continue reading

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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

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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

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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