Warnings

The Commission has been notified of an unsolicited approach that was made to a Guernsey resident by representatives of the above-named company. The company, which claims to be based in New York, is said to provide trading services in respect of shares and other securities. The company representative offered to arrange to buy shares that were held by the Guernsey resident at a price far higher than...

By way of background, Initial Coin Offerings (“ICOs”) are a method of raising funds by the issuance of digital tokens or digital coins in a virtual currency. The operators of the ICO may explain that the proceeds are to be used to fund the development of a project which might itself be a form of digital service or associated software. Although no such schemes have been noted to have been launched...

The Commission has been notified of an unsolicited approach that was made to a resident of the Bailiwick of Guernsey by representatives of the above-named company. The Company claims to provide trading services in respect of shares, futures, precious metals and other commodities. The promotion of investment services in the Bailiwick of Guernsey constitutes a restricted activity under the...

It has been brought to the Commission’s attention that an entity calling itself Cannon House Asset is claiming to be based in Guernsey. The purpose of this notice is to advise that Cannon House Asset is not licensed, authorised or in any way regulated by the Commission to conduct any financial services business in or from within the Bailiwick of Guernsey. Letters have been sent in the name of...

It has come to the Guernsey Financial Services Commission's attention that a website cites the following as cells of The Global Mutual Fund PCC Limited, a fund authorised in Guernsey: CWM Capital Fund CWM Balanced CWM Equity Fund CWM Prime Fund CWM Property Fund Please note that the above are not cells approved by the Guernsey Financial Services Commission.

The Commission is aware that there has been an increase in the number of attempted, and in some cases successful, frauds on customer bank accounts held with local financial institutions. This has occurred via the use of compromised e-mail accounts or through the "piggy-backing" of e-mails. These fraudulent attempts are being made across a wide range of financial institutions with as yet no...

​The Commission is aware of a new method being used by fraudsters against licensees to commit fraud via telephone. The scam involves the fraudster making the victim believe that they are speaking to a trusted organisation by fooling their phones into displaying any number they choose. The scam, known as 'number spoofing', works by fraudsters cloning the telephone number of the organisation or...

It has recently come to the Commission's attention that a company called West Capital Partners Inc. of New York has been making unsolicited approaches (a practise known as 'cold calling') to a number of Bailiwick residents. The purpose of this notice is to advise that the company is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial services...

​It has recently come to the Commission's attention that GAIA almanac Ltd, a Hungarian company purporting to be an International Register of Trademarks, is approaching businesses following the registering of trademarks in the United Kingdom and requesting a sum of money in return for registration and listing in its 2015 publication. The purpose of this notice is to caution businesses receiving...