Aragon Trade (the scam entity) (2025-12-03)

Summary

This is a public statement from the Jersey Financial Services Commission (JFSC) warning members of the public about an unauthorised entity called Aragon Trade, which is falsely claiming to trade from the genuine registered office of JTC (Jersey) Limited and appears to be carrying on investment business in Jersey without authorisation.

• False address claim: The scam entity falsely claims to operate from 28 Esplanade, St. Helier, Jersey, the genuine registered office of JTC (Jersey) Limited, with which it has no association.
• Unauthorised business: The JFSC states the entity has never been registered or applied for registration under the Financial Services (Jersey) Law 1998, so any investment business it conducts contravenes Article 7 of that Law.
• Fraud warning signs: The website (aragontrade.net) and email address (admin@aragontrade.net) associated with the entity display characteristics typical of a scam.
• Action for affected persons: Anyone who has dealt with the scam entity is asked to contact the JFSC Enforcement team, and can also use the confidential whistleblowing line.

This notice is purely informational and protective in nature; it does not create ongoing compliance obligations for regulated businesses, but reminds the public to verify a company's regulated status via the JFSC's Registry and Regulated Entities pages before dealing with it.

Applies to

members of the public, unauthorised financial service providers