Updated list of unlicensed overseas callers and fake regulators published by the ASIC
Recently the Australian Securities and Investments Commission (ASIC) has published the fresh list of unlicensed overseas callers - overseas companies that have made unsolicited calls to Australians, and not currently holding their license. The new companies that appear and are functioning in Australia should be licensed by ASIC; without the Australian licence, their operations are unlawful. Among these businesses, there are 8 companies that are located, registered, or pretending to be registered in the British Virgin Islands. These are:
Capital Advisory Corporation, registered in Thailand but claiming to have offices (mail addresses) in Hong Kong and the British Virgin Islands; BVI-registered Global Trade and Transfer Ltd; International Currency Advisors, having one of its addresses in the BVI; PCA Management Trust LL, claiming to have alternate address in the BVI; Price Warner Company Ltd, based in the British Virgin Islands; Philippines-based Pryce Weston Incorporated, which indicates that it has other offices or mail addresses in Hong Kong, BVI and US; Uni World Global Management Limited having its registered office in the BVI; and Worldleader Investment Insider/Worldleader Investment Ltd., which also claims to have its office in the British Virgin Islands.
The companies that have come to the ASIC attention in recent times and have been added to the updated list are: Associated Financial Services, First Standard Consolidated, Pace Capital Corp, Rive Financial SA and Yutaka Commodities, Inc. (none of them is registered in the BVI). The Commission has noted however that this list is not comprehensive, because new company names are coming all the time which are to be added.
The Australian Securities and Investments Commission has published also the list of fake international regulators (overseas share market regulators) about which ASIC is aware; the Commission noticed that no genuine government regulators are existing under the names on the list. To see if a regulator really exists, or to check overseas scam warnings, it would be necessary to see the members list of the International Organisation of Securities Commissions.