Whitestone Finance Ltd (2017-11-02)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) warning the public against dealing with Whitestone Finance Ltd (WF Ltd), an entity that is not authorised or registered to conduct financial service business in Jersey under the Financial Services (Jersey) Law 1998.

• No authorisation: WF Ltd has never been registered or applied for registration under the FS(J)L; any financial service business it conducts breaches Article 7 of that law.
• False address claim: WF Ltd falsely purports to trade from St Paul's Gate, New Street, St Helier, Jersey, an address used by genuine registered entities Deutsche Bank International Limited and White Stone Finance Limited, with which WF Ltd has no connection.
• Fraud warning: Documentation held by the JFSC suggests WF Ltd, its website and email address show warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with WF Ltd is asked to contact the JFSC.

The notice is informational and protective in nature, aimed at investors and the public rather than imposing compliance duties on regulated firms. It directs readers to the JFSC's list of all regulated businesses in Jersey to verify legitimate entities.