Scam financial services website: BNP Paribas Bank (the Scam Entity) (2020-05-18)

Summary

This is a public warning notice issued by the Jersey Financial Services Commission (JFSC) under Article 48(2) of the Banking Business (Jersey) Law 1991. It alerts the public that an unauthorised entity (the Scam Entity) is fraudulently using the BNP Paribas name, a fake Jersey address, a website and an email address to purport to offer deposit-taking services, despite having no authorisation and no connection to BNP Paribas S.A., Jersey Branch or the wider BNP Paribas Group.

• Warning: The Scam Entity is not registered under the Banking Business (Jersey) Law 1991 and has never applied for registration.
• Breach identified: Any deposit-taking business conducted by the Scam Entity breaches Article 8 of the BB(J)L.
• No connection: The Scam Entity, its website and email address have no link to BNP Paribas S.A., Jersey Branch or other BNP Paribas Group entities.
• Repeat warning: Similar public statements about the same Scam Entity were previously issued on 29 July 2013 and 30 May 2018.
• Call to action: Anyone who has dealt with the Scam Entity or the scam email address is asked to contact the JFSC.

The notice is purely informational and protective in nature; it does not impose ongoing compliance obligations on regulated firms, but reminds the public to check the JFSC's register of regulated businesses before dealing with any purported financial services provider.

Applies to

unauthorised deposit-taking entities, members of the public