Dandoo Express Group Plc (the scam entity) (2025-12-04)

Summary

This is a public statement from the Jersey Financial Services Commission warning the public about Dandoo Express Group Plc, described as a scam entity operating under that name via a website and two email addresses. The JFSC confirms the entity is not authorised or registered under Jersey's banking, financial services, or anti-money laundering supervisory laws.

• False claims: The scam entity falsely claims to trade from 31 Esplanade, St Helier, Jersey, which is actually the genuine registered office of Nedbank Private Wealth Limited, Jersey Branch, with which it has no association.
• Unauthorised activity: It is carrying on, or holding out as carrying on, deposit-taking business, investment business and Schedule 2 (lending) business in Jersey without JFSC authorisation, in contravention of Article 8 of the Banking Business (Jersey) Law 1991, Article 7 of the Financial Services (Jersey) Law 1998, and Article 10 of the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008.
• Fraud warning signs: The JFSC states the entity, its website and email addresses display warning signs of being set up for fraudulent purposes.
• Public guidance: Members of the public are advised to verify a firm's regulated status and registration details via the JFSC website, and anyone who has dealt with the scam entity is urged to contact the JFSC's Enforcement team.

The statement is purely a public warning notice; it does not impose ongoing compliance obligations on regulated businesses but is intended to protect the public from dealing with this unauthorised and fraudulent entity.