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 by the Commission that the company under this name has never been incorporated in the British Virgin Islands or licensed by the BVI FSC to carry on financial services business in the BVI.

Also, according to the public statement issued by the Financial Services Commission, Private Placement Associates does not operate under the licence held by any entity licensed and regulated by the FSC.

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