BNP Paribas Bank (2013-07-29)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 48(2) of the Banking Business (Jersey) Law 1991, warning the public about an unauthorised entity calling itself 'BNP Paribas Bank' (the Scam Entity). The Scam Entity is not connected to the genuine BNP Paribas S.A., Jersey Branch, and is falsely purporting to conduct deposit-taking business in Jersey without authorisation.

• Scam identity: Operates as 'BNP Paribas Bank' via email address info@bnparibas-es.com and websites www.bnpprchn.com/en and www.bppars.com/ch, falsely claiming a Jersey trading address.
• No authorisation: The Scam Entity has never been registered or applied for registration under the Banking Business Law, and any deposit-taking business it conducts breaches Article 8 of that Law.
• Fraudulent notices: Bogus 'Transfer Stop Orders' falsely purporting to originate from the Commission have been sent from the Scam Entity's email address and are false and misleading.
• Genuine entity: The real BNP Paribas S.A., Jersey Branch operates from BNP Paribas House, Anley Street, St Helier, and is properly authorised by the Commission.

The Commission asks anyone who has had dealings with the Scam Entity to contact it directly. This is an informational fraud warning rather than a rule imposing ongoing compliance duties on regulated firms.

Key obligations

• Any person who has had dealings with the Scam Entity is requested to contact the Commission.