Dan Group Limited (2012-11-27)

Summary

This is a public warning notice issued by the Guernsey Financial Services Commission stating that Dan Group Limited is not licensed to take deposits or provide banking services under the Banking Supervision (Bailiwick of Guernsey) Law, 1994. It is issued under section 2(2)(e) of the Financial Services Commission Law to alert consumers to the unlicensed status of this entity.

• No deposit protection: Consumers dealing with Dan Group Limited will not benefit from the Guernsey Banking Deposit Compensation Scheme if the firm cannot return funds.
• Caution advised: Consumers are urged to exercise caution and take special care before entering commitments related to regulated financial services (banking, investment, fiduciary, insurance) advertised online, as not all such offerings come from licensed firms.
• Verification recommended: Consumers are advised to check the GFSC website to confirm whether a firm or individual is licensed before dealing with them.

The notice also references similar public warning statements issued by other British Isles regulators, including the UK Financial Services Authority, the Isle of Man Financial Supervision Commission, and the Jersey Financial Services Commission.