JFSC Public Statement: standard.auditunit@admin.in.th (2014-10-16)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 48(2) of the Banking Business (Jersey) Law 1991 warning the public about a scam entity using the email address standard.auditunit@admin.in.th and falsely claiming to represent Standard Chartered Bank, Jersey Branch.

• Nature of the scam: An unauthorised entity is purporting to be Standard Chartered Bank, Jersey Branch, using a fake trading address (Standard Bank House, 47-49 La Motte Street, St. Helier) and the email address standard.auditunit@admin.in.th, and appears to be soliciting deposit-taking business without authorisation.
• No connection to real bank: The scam entity and the email address have no connection to the genuine Standard Chartered Bank, Jersey Branch, which is authorised by the Commission and located at 15 Castle Street, St. Helier.
• Legal breach alleged: The Commission states that any deposit-taking business carried out by the scam entity, as defined in Article 3 of the Banking Business Law, is in breach of Article 8 of that Law, since the entity has never been registered or applied for registration.
• Public advisory: The Commission notes the scam entity displays warning signs of being set up for a fraudulent purpose and reminds the public that all regulated businesses in Jersey are listed on its website.

Anyone who has had dealings with the scam entity is asked to contact the Commission directly. The statement is informational and warning in nature rather than imposing continuing compliance obligations on regulated firms.

Key obligations

• Any person who has had dealings with the Scam Standard Chartered Bank is requested to contact the Commission.

Applies to

members of the public, unauthorised financial service providers