The Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended (the "Financial Services Commission Law")
The Banking Supervision (Bailiwick of Guernsey) Law, 1994 (as amended)
The Guernsey Financial Services Commission (the "Commission") issues this notice pursuant to section 2(2)(e) of the Financial Services Commission Law.
The Commission wishes to inform the public that Dan Group Limited is not licensed to take deposits or provide other bank-type services under the Banking Supervision (Bailiwick of Guernsey) Law, 1994 (as amended).
Consumers who deal with Dan Group Limited should exercise caution as they will not get the benefit of the Guernsey Banking Deposit Compensation Scheme if Dan Group Limited cannot return funds to its customers.
Consumers are advised to take special care before entering into any commitments in respect of regulated activities (financial services), e.g. banking, investment offers, fiduciary services and insurance services, advertised on the internet. Not all information and facilities available through internet sites will derive from licensed firms.
Consumers are strongly advised to check whether a firm or individual is licensed by visiting the Guernsey Financial Services Commission's website www.gfsc.gg, where lists of firms licensed under the relevant financial services laws are maintained.
Other financial regulators in the British Isles also issue public statements concerning unlicensed financial services business. These are:
The Financial Services Authority: www.fsa.gov.uk
Isle of Man Financial Supervision Commission: www.fsc.gov.im
Jersey Financial Services Commission: www.jerseyfsc.org