Investec Bank (Channel Islands) Limited (2024-06-26)

Summary

This is a public warning notice issued by the Guernsey Financial Services Commission alerting the public that criminals have used the name and details of Investec Bank (Channel Islands) Limited, a genuine GFSC-regulated subsidiary of Investec Bank plc, to commit fraud. The scheme involved fraudulent adverts on social media offering misleading investment or banking offers unconnected to the real bank.

• Nature of fraud: Fake adverts on social media sites misused the Investec Bank (Channel Islands) Limited name to offer misleading or fraudulent products.
• Current status: The GFSC states it has been advised the fraudulent adverts have now been removed.
• Public advice: Anyone who engaged with Investec Bank (Channel Islands) Limited via social media links is urged to verify they are dealing with the genuine firm.

This notice is informational and does not impose ongoing regulatory obligations on Investec Bank (Channel Islands) Limited itself, which is confirmed as a legitimately regulated entity; it primarily serves to protect consumers from impersonation fraud.

Applies to

banks, consumers/members of the public dealing with Investec Bank (Channel Islands) Limited