International Financial Services Commission,
Sir Edney Cain Building,
Belmopan,
Belize, C.A.
22 October 2009
WARNING NOTICE AND CEASE AND DESIST ORDER
It has come to the notice of the International Financial Services Commission of Belize (IFSC) that AFON BUSINESS CORPORATION, an international business company incorporated in Belize with its registered office at Blake Building, Suite 102, Belize City, Belize, is offering high interest investment plans, asset management and payment processing services without a licence from the IFSC, as required by section 7 of the International Financial Services Commission Act, Chapter 272 of the Laws of Belize, Revised Edition 2000-2003, as amended by Act No. 8 of 2007.
AFON BUSINESS CORPORATION is therefore directed to cease and desist from carrying on the said activities until it has applied for and obtained a licence from the IFSC.
All persons concerned are asked to take note and exercise caution.
GIAN C. GANDHI
DIRECTOR GENERAL
International Financial Services Commission of Belize