White Thorn Capital Limited (the Impersonating Entity) (2021-06-18)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning the public about an entity calling itself White Thorn Capital Limited that is impersonating a genuine, JFSC regulated Jersey company of the same name (administered by IQEQ (Jersey) Limited). The impersonating entity, operating via the website whitethorncap.co.uk and an associated email address, has never been authorised or registered under the Financial Services (Jersey) Law 1998 and has no connection to the genuine entity.

• Nature of the warning: The impersonating entity falsely claims to trade from the genuine company's Jersey address and is holding itself out as conducting investment business without authorisation.
• Legal basis: Issued under Article 25(d) of the Financial Services (Jersey) Law 1998; any investment business conducted by the impersonating entity breaches Article 7 of that Law.
• Fraud risk: The JFSC states the impersonating entity, website and email address show warning signs of being set up for a fraudulent purpose.
• Action requested: Anyone who has dealt with the impersonating entity is asked to contact the JFSC; the public is directed to the JFSC's register of regulated businesses to verify legitimate firms.

This is an informational public statement rather than a rule change and does not impose new compliance obligations on regulated Jersey financial service providers; it is intended to alert consumers and counterparties to an unauthorised, potentially fraudulent operator misusing a real company's identity.

Applies to

members of the public, unauthorised financial service providers, investment business providers