TCIFSC Warns Public About Unlicensed Investment Entity

The Turks and Caicos Islands Financial Services Commission (TCIFSC) has issued a public advisory warning residents and potential investors about an entity falsely claiming to be a regulated investment firm operating in the Turks and Caicos Islands.

Kenisha Bacchus, Acting Managing Director of the TCIFSC.

According to the Commission, a company using the name “Turks and Caicos Island Expertsperfect Investment” has been representing itself as having ties to the TCIFSC and offering financial services within or from the jurisdiction.

However, the TCIFSC has confirmed that the entity is not licensed or registered with the Commission and is not authorised to conduct any financial services business in or from the Turks and Caicos Islands.

The regulator is urging members of the public to exercise caution and conduct proper due diligence before engaging with any firm claiming to be licensed by the Commission. Officials emphasize the importance of verifying credentials through the Commission’s official listings of licensed investment dealers and advisors.

The advisory also calls on individuals with information about unauthorized entities operating in the Islands to report such activities to the TCIFSC promptly.

The warning forms part of the Commission’s ongoing efforts to protect consumers and maintain the integrity of the financial services sector in the Turks and Caicos Islands.