Nopureum (the scam entity) (2025-03-25)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) identifying 'Nopureum' as a scam entity operating from www.Nopureum.com. The JFSC confirms this entity is not authorised to conduct financial service business or Schedule 2 business in Jersey and has falsely represented itself as JFSC-regulated.

• Unauthorised activity: Nopureum has never registered or applied for registration under the Financial Services (Jersey) Law 1998 or the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008.
• Legal breach cited: Any financial service or Schedule 2 business it carries on breaches Article 7 of the FS(J)L and Article 10 of the Supervisory Bodies Law.
• Fraud indicators: The entity and its website display warning signs of fraud, including false claims of JFSC regulation and misuse of JFSC branding.
• Public guidance: Members of the public are urged to verify a firm's regulated status via the JFSC's online register and to contact the JFSC Enforcement team if they have dealt with the scam entity.

This is an informational public statement rather than a rule change; it does not impose new compliance obligations on regulated firms but serves as a warning to the public and industry about a specific fraudulent operator.