Quad Trust Investment Bank Limited (2018-02-06)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 48(2) of the Banking Business (Jersey) Law 1991, warning the public and investors against dealing with Quad Trust Investment Bank Limited. The entity, which operates a website (qtibl.com) claiming an address in St Helier, Jersey, has never been registered or authorised to conduct deposit-taking business in Jersey.

• Unauthorised activity: Quad Trust Investment Bank Limited has never registered or applied for registration under the Banking Business (Jersey) Law 1991, and any deposit-taking business it has conducted since 1 July 1999 breaches Article 8 of that Law.
• Fraud warning: Documentation held by the JFSC indicates the entity and its website display warning signs consistent with being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Quad Trust Investment Bank Limited is asked to contact the JFSC.

The statement is purely a public warning notice and does not create ongoing regulatory obligations for licensed or authorised financial services businesses; it is aimed at protecting the public from an unauthorised and potentially fraudulent operator.