REMAR Fund Ltd (REMAR) (2024-04-05)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning the public about REMAR Fund Ltd (REMAR), an entity operating through the websites remarfund.com and remargroup.org and associated email addresses. The JFSC confirms REMAR is not, and has never been, registered under the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008 to conduct Schedule 2 (fund and security services) business.

• False claims: REMAR is falsely claiming to trade from an address at 17 and 18 Queen Street, St Helier.
• Unregistered activity: REMAR is carrying on, or holding out as carrying on, Schedule 2 business (fund and security services) in or from Jersey without JFSC registration, in breach of Article 10 of the Supervisory Bodies Law.
• Fraud warning signs: The JFSC states REMAR, its websites and its email addresses display warning signs of being set up for fraudulent purposes.
• Call to action: Anyone who has had dealings with REMAR is asked to contact the JFSC's Enforcement team.

This is an informational public warning notice rather than a rule imposing ongoing compliance obligations on regulated entities; it is aimed at protecting the public from an unauthorised and potentially fraudulent operator.

Applies to

unauthorised financial service providers, members of the public