Avia Investment Group Limited - Public Statement No. 8 of 2014 (5 November 2014)

Public Statement No. 8 of 2014

5 November, 2014

PUBLIC STATEMENT

 AVIA INVESTMENT GROUP LIMITED

Tortola, British Virgin Islands – 5 November, 2014 The British Virgin Islands Financial Services Commission (the “FSC”) considers it necessary to issue this public statement in order to protect the public interest, and the interests of any of the customers and creditors of AVIA INVESTMENT GROUP LIMITED also operating at www.aviafx.com (the “Company”), and to make the general public aware that the Company is not and has never been licensed or regulated by the FSC and could be carrying on unauthorised financial services business. 

The details are:

The Company was formerly investigated by the FSC for operating in contravention of Section 4(1) of the Securities and Investments Business Act, 2010, by carrying on unauthorised investment business. Enquiries conducted by the FSC seeking certain clarifications and evidence from the Company were met with no response. 

The FSC issued a cease and desist order to AVIA INVESTMENT GROUP LIMITED on 5 March 2014 requiring it “... to cease and desist immediately from the date of this notice from conducting all investment business activities in and from within Territory, and to provide the FSC with evidence that it has ceased all such investment business activities.” 

The FSC hereby informs the public that AVIA INVESTMENT GROUP LIMITED is not and has never been licensed or regulated by the FSC to carry on investment business in or from within the Territory.         

Members of the public are advised to exercise extreme caution in conducting any transactions with AVIA INVESTMENT GROUP LIMITED also operating at www.aviafx.com

The public is invited to provide the FSC with any relevant information on questionable entities which are purportedly operating in or from within the Territory, and on any improper or illegal activities engaged in by such entities. 

The FSC has issued this public statement pursuant to Section 37A (1) of the Financial Services Commission Act, 2001.

British Virgin Islands Financial Services Commission

Pasea Estate, Tortola, British Virgin Islands

Telephone: (284) 494-4190

Facsimile: (284) 494-5016

E-mail: [email protected]

Website: www.bvifsc.vg

Hours: Monday - Friday 8:30 a.m. - 4:30 p.m.