Capital Overseas Investment Bank (the scam entity) (2022-04-12)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning the public about an unauthorised entity trading as Capital Overseas Investment Bank, which falsely claims to operate from Jersey and offers deposit taking and lending services without any licence or registration.

• Not authorised: The entity has never applied for or received authorisation or registration under the Banking Business (Jersey) Law or the Supervisory Bodies Law.
• Breach identified: Any deposit taking or Schedule 2 lending business it conducts breaches Article 8 of the BB(J)L and Article 10 of the Supervisory Bodies Law.
• Fraud warning signs: The JFSC states the entity's website and associated email addresses display warning signs consistent with a fraudulent operation.
• Action requested: Anyone who has dealt with the entity is asked to contact the JFSC's Enforcement team.

The statement is purely a public warning notice and does not impose ongoing compliance obligations on regulated firms; it serves to alert consumers and businesses to avoid dealing with this unauthorised entity and to direct any affected persons to the JFSC.