Belize’s financial regulator. the International Financial Services Commission (or IFSC), has issued a warning regarding a retail investment firm called Arab Gold Bank Ltd operating from website https://arabgoldbank.co. Arab Gold Bank Ltd offers trading and investment schemes in commodities and forex.
According to the IFSC, Arab Gold Bank Ltd holds itself out to be registered in Belize, even posting on its website a Belize Certificate of Incorporation (see above). However the IFSC notes that the Certificate is a complete forgery, and Arab Gold Bank Ltd is not licensed by the IFSC or any other competent authority in Belize.
The full IFSC warning can be seen online here and reads as follows:
Office of the International Financial Services Commission,
Sir Edney Cain Building,
Belmopan,
Belize, C.A.
5 February 2016
WARNING NOTICE
Arab Gold Bank Ltd
It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself “Arab Gold Bank Ltd” is purporting to be an international business company registered in Belize. The Certificate of Incorporation posted on its website https://arabgoldbank.co/.com is a complete forgery.
This entity is not licensed by the International Financial Services Commission or any other competent authority in Belize to conduct any type of banking or trading business.
All persons concerned are warned to take note and exercise extreme caution.
NERI J. MATUS (MRS)
DIRECTOR GENERAL
International Financial Services Commission of Belize