Bank Of Family (2010-03-25)

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 against dealing with an unauthorised entity trading as Bank Of Family (also using variant names including Bank Of Family International Limited). It is a warning notice, not a rule change, and imposes no ongoing regulatory obligations on licensed firms.

• Unauthorised status: Bank Of Family has never been registered, nor applied for registration, under the Banking Business Law, and any deposit-taking business it has conducted since 1 October 1991 is in breach of Article 8 of that Law.
• Impersonation warning: Bank Of Family appears to be using the website content, address and telephone numbers of HSBC Bank International Limited and is not connected in any way to HSBC Bank International Limited or the HSBC Group.
• Fraud warning: Documentation held by the Commission suggests Bank Of Family and its website display warning signs of being set up for a fraudulent purpose.
• Request for information: Anyone who has had dealings with Bank Of Family is requested to contact the Commission.

The statement serves purely to alert investors, the public, and legitimate financial services providers, confirming that genuine HSBC Bank International Limited and HSBC Group entities remain properly authorised in Jersey and are unrelated to Bank Of Family.