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 Ltd., BNRoptions Ltd, and BVI Business Company Bgo group Ltd which operated the website AYAFOREX at http://ayafx.com. The Commission considered it necessary to warn the public that these companies have never been licensed or regulated by the FSC to carry on any type of financial or investment business services in or from within the Territory.
For Kerford Investments and DOMINION S.X. Ltd., the Commission issued an order to immediately cease carrying on investment business in the BVI, as these BVI-incorporated companies conducted investment business online without having obtained the requisite licence from the FSC and in breach of legislation.