Regulatory Alerts2026-05-05
Added · Updated
Lost Contact Notice Regarding DNFBP Registrations
The Turks and Caicos Islands Financial Services Commission issued a Lost Contact Notice to thirteen registered Designated Non-Financial Businesses and Professions after failing to serve them with regulatory notices under the Proceeds of Crime Act. The Commission warns that unresponsiveness will negatively impact future fitness and propriety assessments and determine whether current licenses remain valid. Affected entities must submit written justification by May 20, 2026, to prevent the automatic cancellation of their registrations on May 29, 2026.
P.O. Box 140 • 930 Leeward Highway • Venetian Road Settlement • Providenciales • Turks and Caicos Islands Tel: (649) 946 – 5314 / 941 – 8311 P.O. Box 79 • Waterloo Plaza • Waterloo Road • Grand Turk • Turks and Caicos Islands Tel: (649) 946 – 2791 / 946 – 2550 Website: www.tcifsc.tc Email: fsc@tcifsc.tc TURKS AND CAICOS ISLANDS FINANCIAL SERVICES COMMISSION Regulating with Honesty, Integrity and Transparency LOST CONTACT NOTICE NOTICE is hereby given that the Turks and Caicos Islands Financial Services Commission (“the Commission”) in its capacity of Designated Non-Financial Businesses and Profession (DNFBP) Supervisor is issuing this Lost Contact Notice following the inability of the Commission to make contact with registered DNFBPs in pursuance of its supervisory obligations under the Proceeds of Crime Act, in accordance with the Commission’s procedure for lost contact. TAKE NOTICE that the Commission has made all reasonable efforts to contact the entities listed in Appendix 1 to serve the entities listed in Appendix 1 with Notices issued pursuant to sections 170(1) and 167(1)(b) of the Proceeds of Crime Act and has been unsuccessful. TAKE NOTE that this notice is being published as a last resort, for the purpose of giving notice to the affected entities and any interested parties. FURTHER, TAKE NOTICE that the failure to maintain contact with the Commission is taken into account in: • assessing the fitness and propriety of the person, its directors, controllers, or related parties in any future application; and • determining whether the entity continues to carry on the business for which it is licensed, registered, supervised, or otherwise monitored by the Commission. IT IS HEREBY ADVISED that unless written notice is filed with the Commission on or before Wednesday 20 May 2026 demonstrating good reason why registration should not be cancelled, such registration will be cancelled on Friday 29 May 2026. The Commission should be contacted as soon as possible at Tel: (649) 946-5314/ (649) 941 – 8311 or aml_supervision@tcifsc.tc . Turks and Caicos Islands Financial Services Commission 4 May 2026
Page 2 Appendix 1: Entities to whom this Notice applies NO. ENTITY NAME 1 D'ARCEUILS 2 A AND D AUTO IMPORTS/CAR SALES 3 INDUSTRIAL MOTORS 4 J.B.R. EXPRESS AUTO PARTS & DEALERSHIP 5 PHILLIPSON D' ARCEUIL 6 D & L AUTO DEALERSHIP 7 K & T YOUR CARS, RIGHT PRICE 8 GSD CAR DEALER 9 MARTINEZ AUTO REPAIR 10 GOODMARK JEWELERS LTD. 11 ONE TIME CAR SALES AND RENTALS FORMERLY ON TIME CAR SALES 12 SWANN & SWANN 13 MAGELLAN FINANCIAL SERVICES LTD