Select Page


It has come to the attention of the Financial Services Commission that there are people or groups promoting and participating in payment schemes, where for a contribution of less than $1,500.00 and the introduction of two new members a person can earn upwards of $10,000 within one month. There is no evidence that the group(s) invest the funds received or utilise the funds to generate any return. Accordingly, payments appear to be made from new member contributions, an arrangement that is unsustainable and similar to a Ponzi Scheme, which is a fraudulent arrangement.

Please be advised that these people, groups, or programmes are not licensed, regulated or supervised by the Commission. Accordingly, there is no regulatory recourse for any loss suffered.

The public and members of these groups are strongly urged to consider this advisory and be guided accordingly.

Turks and Caicos Islands
Financial Services Commission

Unregulated Payment Schemes 15 September 2021