Scam financial services website: Crypto Window Ltd (the Scam Entity) (2020-05-28)

Summary

This is a public warning notice issued by the Jersey Financial Services Commission (JFSC) alerting the public to an unauthorised entity, Crypto Window Ltd, which was falsely claiming to be registered in Jersey and offering accountancy and cryptocurrency services from a Jersey address.

• Unauthorised status: Crypto Window Ltd has never been registered or applied for registration under the Financial Services (Jersey) Law 1998 or the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008.
• Alleged breaches: Any financial service business conducted by the entity breaches Article 7(1) of the FS(J)L, and any Schedule 2 business (including cryptocurrency services) breaches Article 10 of the Supervisory Bodies Law.
• False address: The entity falsely purports to be located at Channel House, Green Street, St Helier, Jersey.
• Fraud warning: The JFSC states the entity and its website display warning signs consistent with being set up for a fraudulent purpose.

The notice is informational in nature, intended to warn the public rather than impose ongoing compliance obligations on regulated firms. It asks anyone who has dealt with the entity or its website to contact the JFSC's Director of Enforcement.

Key obligations

• Any person who has had dealings with Crypto Window Ltd or its website is requested to contact the JFSC (Director of Enforcement).

Applies to

members of the public, unauthorised financial service providers, Schedule 2 business providers