Gajan Insurance and Technological Resources (2017-12-28)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, warning the public about an unauthorised entity called Gajan Insurance and Technological Resources (Gajan), which used two named email addresses.

• Unauthorised activity: Gajan is not registered or authorised under the Financial Services (Jersey) Law 1998 and has never applied for registration, so any financial service business it conducts breaches Article 7 of that Law.
• False address claim: Gajan is falsely purporting to trade from an address in St Helier, Jersey, while carrying on or holding out that it carries on financial service business there.
• Fraud warning: Documentation held by the JFSC suggests Gajan and the associated email addresses display warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Gajan is asked to contact the JFSC.

The statement is purely a warning notice to protect investors and the public; it does not create ongoing compliance obligations for regulated firms, but confirms that Gajan itself is operating unlawfully in Jersey.