News

Warnings

Valsen Fiduciaries International

5th November 2021
The Commission is aware that regulated services are being offered by the above-named entity in Guernsey. The purpose of this notice is to advise that Valsen Fiduciaries International is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial services business in the Bailiwick of Guernsey.

Webtel.mobi Limited

2nd November 2021
It has come to the attention of The Guernsey Financial Services Commission that references have been made via internet news sources and social media platforms to Webtel.mobi Limited being regulated by the Commission and/or Webtel.mobi Limited being regulated on behalf of the Commission by its Resident Agent. The purpose of this notice is to advise that both Webtel.mobi Limited and its holding...

The HyperFund

6th October 2021
The Commission has been notified that investment is being promoted in the above-named entity by non-licensed individuals in Guernsey. The purpose of this notice is to advise that The HyperFund is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial services business in the Bailiwick of Guernsey. The Commission also wishes to emphasise that dealing in...

Clifton Consulting Group LLC

27th April 2021
The Commission has been notified of an unsolicited approach that was made to a Guernsey resident by representatives of the above-named company. The company, which claims to be based in New York, is said to provide trading services in respect of shares and other securities. The company representative offered to arrange to buy shares that were held by the Guernsey resident at a price far higher than...

Advisory Notice Regarding Initial Coin Offerings

26th September 2017
By way of background, Initial Coin Offerings (“ICOs”) are a method of raising funds by the issuance of digital tokens or digital coins in a virtual currency. The operators of the ICO may explain that the proceeds are to be used to fund the development of a project which might itself be a form of digital service or associated software.Although no such schemes have been noted to have been launched...

Exo Capital Markets Limited trading as Trade12.com

17th August 2017
The Commission has been notified of an unsolicited approach that was made to a resident of the Bailiwick of Guernsey by representatives of the above-named company.The Company claims to provide trading services in respect of shares, futures, precious metals and other commodities. The promotion of investment services in the Bailiwick of Guernsey constitutes a restricted activity under the Protection...

Cannon House Asset

11th May 2015
It has been brought to the Commission’s attention that an entity calling itself Cannon House Asset is claiming to be based in Guernsey. The purpose of this notice is to advise that Cannon House Asset is not licensed, authorised or in any way regulated by the Commission to conduct any financial services business in or from within the Bailiwick of Guernsey. Letters have been sent in the name of...

CWM Cells

26th March 2015
It has come to the Guernsey Financial Services Commission's attention that a website cites the following as cells of The Global Mutual Fund PCC Limited, a fund authorised in Guernsey:CWM Capital FundCWM BalancedCWM Equity FundCWM Prime FundCWM Property FundPlease note that the above are not cells approved by the Guernsey Financial Services Commission.

Risk Warning Regarding the Increased Use of Compromised E-mail Accounts to Commit Fraud

11th March 2015
The Commission is aware that there has been an increase in the number of attempted, and in some cases successful, frauds on customer bank accounts held with local financial institutions. This has occurred via the use of compromised e-mail accounts or through the "piggy-backing" of e-mails. These fraudulent attempts are being made across a wide range of financial institutions with as yet no...

Risk Warning Regarding Phone Spoofing

11th March 2015
​The Commission is aware of a new method being used by fraudsters against licensees to commit fraud via telephone. The scam involves the fraudster making the victim believe that they are speaking to a trusted organisation by fooling their phones into displaying any number they choose.The scam, known as 'number spoofing', works by fraudsters cloning the telephone number of the organisation or...