Alliance Finance Plc (2012-03-12)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission under Article 48(2) of the Banking Business (Jersey) Law 1991, alerting the public that Alliance Finance Plc, operating via the website www.alliancefinanceplc.co.cc, is not authorised to conduct deposit-taking business in Jersey.

• Unauthorised activity: Alliance has never been registered nor applied for registration under the Banking Business Law, and any deposit-taking business it has carried out since 1 October 1991 breaches Article 8 of the Law.
• Fraud warning: The Commission states that documentation held indicates Alliance and its website display warning signs of being set up for a fraudulent purpose.
• Public guidance: All regulated businesses in Jersey are listed on the Commission's website, and anyone who has dealt with Alliance is asked to contact the Commission.

This is an informational notice rather than a rule change; it does not impose compliance obligations on regulated entities but warns investors and the public against dealing with Alliance.

Applies to

unauthorised deposit-taking business (Alliance Finance Plc)