Standard Chattered Bank (2006-12-15)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning that an entity calling itself Standard Chattered Bank, operating via the website www.standardchatteredbank.co.uk, is not authorised to conduct banking or investment business in Jersey. It clarifies that this entity has no connection to the genuine, Jersey-authorised Standard Chartered Group, despite using a similar name and claiming a Jersey contact address.

• Unauthorised activity: Standard Chattered has never been registered under the Financial Services (Jersey) Law 1998 or the Banking Business (Jersey) Law 1991, so any investment or deposit-taking business it has conducted breaches those laws.
• False address claim: The Website falsely uses the real Jersey address of the genuine Standard Chartered Group (15 Castle Street, St Helier) as its own contact address.
• Genuine group unaffected: The Standard Chartered Group itself is authorised in Jersey and regulated in the UK by the FSA, and is not connected to the impostor entity.
• Public request: Anyone who has had dealings with Standard Chattered is asked to contact the Commission.

The statement is a warning notice rather than a rule change; it does not impose ongoing compliance obligations on regulated firms but alerts the public and industry to the fraudulent use of a name resembling a legitimate banking group.

Applies to

members of the public, unauthorised entity (Standard Chattered)