The British Virgin Islands (BVI) Financial Services Commission has warned the public NATF Corp is not licensed to carry on financial services businesses in or from the offshore jurisdiction.
"Members of the public are therefore advised to exercise extreme caution in conducting any transactions with NATF Corp," it says.
North Atlantic Financial Corporation (NATF Corp) claims to be a registered BVI fund management and online investment company, according to sources, although the firm's website appears to have been shut down.
One source revealed the offshore company chose the BVI as "we are free to invest our (and your) cash where and how we deem fit, without the unnecessary interference of regulatory bodies who oppose wealth creation".
The firm claims to have been operating online since 2006.IFAonline
15% increase in number of claims paid
Open architecture philosophy
Inflation above 2% for first this this year
Focus on customer centricity
To repay £900,000 to customers