Guernsey International Financial Services Commission (2007-09-10)

Summary

This is a public warning notice issued by the Guernsey Financial Services Commission (GFSC) about a scam operation. Fraudsters are using the name International Financial Services Commission and an address matching the GFSC's own address to solicit advance fee payments for so called Certified Payment Liability Coverage, falsely claiming this is needed to release funds.

• No such entity: The GFSC confirms there is no International Financial Services Commission in Guernsey and it is not associated with the scam.
• No involvement in fund releases: The GFSC states it has no role in Certified Payment Liability Coverage or in authorising release of funds to individuals by financial institutions.
• Scam pattern: The scheme is linked to bogus banks and may use websites that mimic genuine financial institutions to appear legitimate.

The notice advises extreme caution when dealing with anyone requesting advance payment for the release of funds, or any entity connected to such requests. It is purely informational and creates no ongoing regulatory obligations.