Monthly Archives: May 2018

BVI FSC warned investors on Pyramid scheme frauds

The British Virgin Islands Financial Services Commission has issued advisory warning concerning Pyramid Scheme Frauds and other related investment scams. In the warning, pyramid scheme is defined as fraudulent money-making scheme based on non-sustainable business model that involves the exchange … Continue reading

Posted in Frauds, Unethical business practice | Leave a comment

UK accepts amendment forcing BOTs to make public registers of beneficial owners

The amendment to the Sanctions and Anti-Money Laundering Bill, which was strongly opposed by the Organisation of Eastern Caribbean States (OECS), still was accepted by the UK government. According to the new provisions to the legislation, British Overseas Territories will … Continue reading

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