Alexandria Bancorp Limited (the impersonating entity) (2022-05-13)

Summary

This is a public warning notice issued by the Jersey Financial Services Commission (JFSC) identifying an entity calling itself Alexandria Bancorp Limited, along with an associated website and email address, as an unauthorised impersonator with no connection to the genuine Alexandria Bancorp Limited registered in the Cayman Islands.

• No authorisation: The impersonating entity has never been registered with, or applied for registration under, the Financial Services (Jersey) Law, the Banking Business (Jersey) Law or the Supervisory Bodies Law.
• Activities alleged: It is carrying on, or holding itself out as carrying on, investment business, trust company business, deposit-taking business and specified Schedule 2 business (lending and virtual currency exchange) in or from Jersey without authorisation.
• Breach identified: The JFSC states this conduct breaches Article 7 of the FS(J)L, Article 8 of the BB(J)L and Article 10 of the Supervisory Bodies Law.
• Fraud warning: The entity, website and email display warning signs of being set up for a fraudulent purpose.
• Public guidance: Members of the public are warned against dealing with the impersonating entity, and anyone who has had dealings with it is asked to contact the JFSC's Enforcement team.

The notice is informational and serves to protect the public and the reputation of the genuine Cayman Islands-based Alexandria Bancorp Limited; it does not impose ongoing compliance obligations on regulated firms.

Key obligations

• Anyone who has had dealings with the impersonating entity is asked to contact the JFSC's Enforcement team

Applies to

unauthorised financial service providers, investment business, trust company business, deposit-taking business, specified Schedule 2 business (lending and virtual currency exchange)