Monthly Archives: October 2013

BVI FSC published statement on Forex Place Limited

The British Virgin Islands Financial Services Commission issued public statement No. 7 of 2013 concerning Forex Place Ltd. also operating as 4XP and located at The Commission informed by this statement that Forex Place Ltd is not and has … Continue reading

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China Gengsheng announced receiving Public Warning Letter from the Exchange

China GengSheng Minerals, Inc., a leading manufacturer of high-tech industrial materials in China, including heat-resistant and energy-efficient materials for industrial applications, which conducts its business through British Virgin Islands-registered GengSheng International Corporation and its Chinese subsidiaries, received a public warning … Continue reading

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The Commission issued Public Statement on Beverly Insurance Company Limited

The BVI FSC issued public statement concerning Beverly Insurance Company Limited, to make the public aware that this company is no longer licensed and regulated by the Commission. In the statement dated 1 October, 2013, FSC informed that Beverly Insurance … Continue reading

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Former stock broker concealed insider trading scheme using BVI shell company

Former stock broker Gary Yin admitted obstructing justice and laundering money for Jing Wang, former Qualcomm Executive Vice President and President of Global Business Operations. According to the plea agreement, Gary Yin assisted Jing Wang to conceal his illegal insider … Continue reading

Posted in Money Laundering, Offshore investment schemes | Leave a comment