Mossack-fonseca@europe.com (2008-04-09)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(2) of the Financial Services (Jersey) Law 1998, warning the public about an unauthorised entity operating under the email address Mossack-fonseca@europe.com. It is a warning notice, not a rule change, and imposes no ongoing regulatory obligations on licensed firms.

• Nature of the warning: The operators of the email address are not authorised under the Financial Services (Jersey) Law 1998 and have never registered or applied for registration.
• Impersonation: The operators falsely present themselves as being connected to Mossack Fonseca & Co. (Jersey) Limited, a genuine, unrelated law firm and offshore company formation agent based in Panama with a Jersey office.
• Scam activity: The Commission notes that bogus employment offers have been sent from the email address falsely purporting to originate from Mossack Fonseca.
• Legal basis: Any financial service business conducted by the operators since 1 July 1999 is treated as a breach of Article 7 of the Financial Services (Jersey) Law.
• Public request: Anyone who has had dealings with the operators of the email address is asked to contact the Commission's Enforcement division.

The statement is purely informational and protective in nature, intended to alert investors and the public rather than to impose new compliance requirements on regulated businesses.

Key obligations

• Any person who has had dealings with the operators of the Mossack-fonseca@europe.com email address is requested to contact the Commission's Director of Enforcement.

Applies to

members of the public, investors, unauthorised financial services providers