Anglo Irish Associates (2009-07-21)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 48(2) of the Banking Business (Jersey) Law 1991, warning the public that an entity calling itself Anglo Irish Associates (operating via www.angloirishassoc.com) has been carrying on or holding itself out as carrying on deposit-taking business in Jersey without the required authorisation.

• Not authorised: Anglo Irish Associates has never been registered, or applied to be registered, under the Banking Business Law, so any deposit-taking business it has conducted since 1 October 1991 is a breach of Article 8 of that Law.
• No connection to genuine group: Anglo Irish Associates and its website are not connected in any way to the genuine Anglo Irish Bank Group, which is headquartered in Ireland, has a Jersey presence, and is properly authorised by the Commission.
• Fraud warning: Documentation held by the Commission suggests Anglo Irish Associates and its website display warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with Anglo Irish Associates is asked to contact the Commission.

The statement is informational and protective in nature, intended to warn investors and the public rather than to impose ongoing compliance obligations on regulated firms.

Key obligations

• Persons who have had dealings with Anglo Irish Associates are requested to contact the Jersey Financial Services Commission.