Larem Trustees Limited (2025-10-27)

Summary

This is a public warning notice issued by the Guernsey Financial Services Commission (GFSC) alerting the public that criminals have been fraudulently using the identity of Larem Trustees Limited, a genuine secondary fiduciary licensee, to commit fraud. It is an informational alert rather than a rule change or supervisory requirement.

• Genuine firm: Larem Trustees Limited holds a secondary fiduciary licence and is regulated by the GFSC; its parent company, PraxisIFM Trust Limited, holds the primary fiduciary licence.
• Fraud scheme: Criminals have set up a false website using the firm's name and are offering escrow services purportedly on its behalf.
• Public guidance: Anyone seeking to conduct business with Larem Trustees Limited is encouraged to take care to confirm they are dealing with the genuine, licensed firm.

Applies to

fiduciary licensees, members of the public dealing with fiduciary firms