China Merchants International Corporation (2015-07-31)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission under Article 25(d) of the Financial Services (Jersey) Law 1998. It alerts investors and the public that China Merchants International Corporation (CMIC), operating via the website chinamint.cn.com, is not authorised to conduct financial services business in Jersey and has been contacting Jersey residents with unsolicited investment advice calls.

• Unauthorised status: CMIC has never been registered or applied for registration under the Financial Services Law.
• Alleged breach: Any financial service business carried out by CMIC since 1 July 1999 is said to be in breach of Article 7 of the Financial Services Law.
• Fraud warning: Documentation held by the Commission suggests CMIC and its website display warning signs of being set up for a fraudulent purpose.
• Call to action: Anyone who has had dealings with CMIC is asked to contact the Commission via the named contact.

The statement is purely a public warning notice and does not create ongoing compliance obligations for Jersey-regulated financial services businesses; its purpose is investor protection by publicising an unauthorised and potentially fraudulent operator.