Conformity Private Banking Services/Conformity Bank Plc (the scam entity) (2025-01-28)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning members of the public against dealing with 'Conformity Private Banking Services/Conformity Bank Plc', an unauthorised entity purporting to conduct deposit-taking and financial services business from Jersey. It is a consumer warning notice, not a rule change, and imposes no ongoing regulatory obligations on licensed firms.

• Basis for statement: Issued under Article 48(2)(c) of the Banking Business (Jersey) Law 1991 and Article 26(c) of the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 1998.
• Finding: The entity has never been registered or applied for registration under the BB(J)L or the Supervisory Bodies Law, and its purported deposit-taking and Schedule 2 business is in contravention of Article 8 of the BB(J)L and Article 10 of the Supervisory Bodies Law.
• False claims: The entity falsely claims to trade from an address in St Helier, Jersey (JE2 3QA), using the website www.conformitybnplc.com and email e-transfer@cbkplc.com.
• Warning signs: The JFSC states the entity, website and email display warning signs of being set up for fraudulent purposes.
• Call to action: Anyone who has had dealings with the scam entity is asked to contact the JFSC's Enforcement team; the public is reminded that all regulated businesses in Jersey are listed on the JFSC website.

Applies to

members of the public, unauthorised financial service providers