Verite Trust Company Limited (the impersonating entity) (2025-02-21)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) alerting the public that an entity is fraudulently impersonating Verite Trust Company Limited, a genuine Jersey-regulated trust company. The impersonating entity operates via a specific website and email address and falsely claims to trade from the genuine firm's registered address.

• Nature of the warning: The impersonating entity is not connected to the genuine, JFSC-regulated Verite Trust Company Limited and 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 breach: Any financial service business or Schedule 2 business carried on by the impersonating entity breaches Article 7 of the FS(J)L and Article 10 of the Supervisory Bodies Law.
• Fraud risk: The JFSC states the impersonating entity, website and email display warning signs of being set up for fraudulent purposes.
• Action requested: Anyone who has dealt with the impersonating entity via the website or email is asked to contact the JFSC Enforcement team.

The notice is informational in nature, intended to protect the public and preserve confidence in the genuine regulated entity; it does not create ongoing compliance obligations for regulated businesses.