The BVI Financial Services Commission (FSC) is advising the public that SORIN IANCU is not and has never been licensed or regulated by the commission to carry on any financial services business. Photo: Internet Source

In Public statement No. 3 of 2026, the FSC said it was necessary to issue this statement “to protect the customers, creditors or persons who may have been solicited to conduct business by SORIN IANCU”. 

The FSC has issued this Public Statement pursuant to Section 37A(4) of the Financial Services Commission Act, 2001.

Forgery

The FSC said the fake business has a forged investment business licence that is being circulated and falsely purports that SORIN IANCU has been authorised and licensed in the British Virgin Islands for the purpose of carrying on investment business (dealing in investments or dealing as principal and arranging deals in investment) as a person or entity regulated by the FSC.

“Members of the public are advised to exercise extreme caution if solicited at any time and to avoid conducting any business with SORIN IANCU,” the statement said. 

The public has also been invited to provide the FSC with any relevant information regarding questionable entities purportedly operating in or from the Virgin Islands, and any improper activities engaged in by such entities.