Simonis Andre (the Impersonating Entity) (2021-09-13)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, warning the public about an entity using the name Simonis Andre and operating via the website simonisandre.com. The JFSC states this entity has no connection to the legitimate Belgian financial services provider of the same name and is not authorised to conduct investment business in Jersey.

• Unauthorised activity: The Impersonating Entity is falsely claiming to trade from an address in St Helier, Jersey, and is carrying on, or holding out that it is carrying on, investment business without authorisation under the FS(J)L.
• No connection to genuine firm: The Impersonating Entity and its website have no link to the legitimate Belgian-registered Simonis Andre (Enterprise Number 0758.150.218) of Woluwe-Saint-Pierre, Belgium.
• Breach of law: As the Impersonating Entity has never registered or applied for registration under the FS(J)L, any investment business it conducts breaches Article 7 of the FS(J)L.
• Fraud warning signs: JFSC documentation indicates the Impersonating Entity and website display warning signs of being set up for fraudulent purposes.
• Call to action: Anyone who has dealt with the Impersonating Entity is asked to contact the JFSC's Enforcement team; the public is directed to the JFSC's list of regulated businesses to verify legitimacy.

This is an informational public warning notice rather than a rule or regulatory requirement imposed on regulated entities; it does not create ongoing compliance obligations for licensees.

Applies to

members of the public, unauthorised financial service providers