Jersey Tower Capital Bank (the scam entity) (2022-04-04)

Summary

This is a public warning statement from the Jersey Financial Services Commission (JFSC) identifying Jersey Tower Capital Bank as an unauthorised entity falsely claiming to conduct deposit-taking and lending business from an address in Jersey. The JFSC confirms the entity has never been registered or applied for registration under the Banking Business (Jersey) Law 1991 or the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008, and that its activities breach those laws.

• Nature of scam: The entity uses a website and email addresses to falsely purport to trade from a Jersey address and claims to carry on deposit-taking and lending services without JFSC authorisation.
• Legal breach: Any deposit-taking or Schedule 2 lending business it conducts breaches Article 8 of the Banking Business (Jersey) Law 1991 and Article 10 of the Supervisory Bodies Law.
• Public advisory: The JFSC warns members of the public against dealing with this unauthorised entity and notes its website displays warning signs of fraudulent purpose.
• Action requested: Anyone who has had dealings with the scam entity is asked to contact the JFSC's Enforcement team.

This notice is informational and protective in nature, aimed at preventing public harm rather than imposing ongoing compliance obligations on regulated firms.

Key obligations

• Any person who has had dealings with the scam entity is requested to contact the JFSC's Enforcement team