Important notice from SVG

This serves as a formal notice to all Registered Agents and Trustees of the new requirements in place for St. Vincent and the Grenadines (SVG)-registered BCs and LLCs currently engaged in and seeking to engage in FOREX business activity. 

Owing to the sharp increase in the frequency and number of complaints and allegations of fraud against SVG-registered BCs and LLC’s which are engaged in FOREX trading or brokerage and the potential detrimental effects on the reputation of St. Vincent and the Grenadines as an International Financial Centre, the Financial Services Authority (FSA) has adopted the following policy decision with immediate effect: 

Companies wishing to engage in FOREX business must provide a certified copy of requisite licences/approval from the jurisdiction(s)/authorities where their business activities will be conducted upon the submission of an application to be incorporated or formed in SVG. An application will be rejected if no such evidence is provided
Source: SVG