Lieutenant Governor Osbert E. Potter Advises Public on Online Company That Is Not Licensed in the Te PDF Print

 

For Immediate Release No. 41-15
July 07, 2015
For More Information Contact:

Regina Watson, Public Relations Officer

Ph:  (340) 774-2991 ext. 4122

Fax: (340) 774-6953
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Lieutenant Governor Osbert E. Potter Advises Public on Online Company That Is Not Licensed in the Territory to Conduct Banking Business

 

 

The Office of the Lieutenant Governor, Division of Banking and Insurance advises the public that an entity named US Virgin Island Money Plc Aka Virgin Island Money Plc, using the address 3247 Estate Golden Rock Christiansted, St. Croix 00820 is advertising online at the website http://www.vmoonline.com/contact.php as a banking institution in the Territory. All consumers are advised that this entity is not licensed in the Territory to conduct any type of banking business.

 

Pursuant to Section 102 of Title 9, Virgin Islands Code, “No foreign bank may open any branch or change the location of any branch, in the United States Virgin Islands without a permit … from the Banking Board.”  As such, Lieutenant Governor Osbert E. Potter strongly advises consumers from engaging in any service with this banking institution.

 

For more information, contact the Division of Banking and Insurance at 340-773-6459 in St. Croix and 340-774-7166 in St. Thomas.

 

 

 

 

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