Areeva Private Trust Company Limited (the impersonating entity) (2024-08-27)

Summary

This is a public warning notice issued by the Jersey Financial Services Commission (JFSC) alerting the public to an unauthorised entity impersonating the genuine Jersey company Areeva Private Trust Company Limited. The impersonating entity uses a fraudulent website and email address, falsely claiming the same registered office address as the genuine firm, and is holding itself out as conducting deposit-taking, financial service, or Schedule 2 business in Jersey without being registered to do so.

• No connection: The impersonating entity, its website and email address have no connection to the genuine Jersey registered company Areeva Private Trust Company Limited or its service provider, Suntera Trustees (Jersey) Limited.
• Unregistered: The impersonating entity has never registered, nor applied to register, under the Financial Services (Jersey) Law 1998, the Banking Business (Jersey) Law 1991, or the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008.
• Breach of law: Any deposit-taking, financial service, or Schedule 2 business carried on by the impersonating entity 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 signs: The JFSC states the impersonating entity, website and email display warning signs of being set up for fraudulent purposes.
• Action requested: Anyone who has dealt with the impersonating entity is asked to contact the JFSC's Enforcement team.

This is an informational public statement rather than a rule imposing ongoing compliance duties on regulated firms; it functions as a fraud alert and does not create obligations for licensees beyond urging members of the public who had dealings with the impersonator to report to JFSC Enforcement.

Key obligations

• Anyone who has had dealings with the impersonating entity should contact the JFSC's Enforcement team.

Applies to

members of the public, unauthorised financial service providers