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2004

Asian European Finance Group ("AEFG") - 20 July 2004

Public Statement - Asian European Finance Group ("AEFG")

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.

Asian European Finance Group ("AEFG")
www.aseufg.com
Integris Group of Mutual Funds

The purpose of this statement is to advise the public that AEFG has not received authorisation to conduct financial service business, deposit-taking business or collective investment fund business within the meaning of the Laws stated below.

The Commission has recently become aware of a website, www.aseufg.com, that offers financial, banking and investment services. The website states that AEFG has a presence in Jersey when it does not.

The Jersey Financial Services Commission (the "Commission") has issued this public statement under Article 22 of the Financial Services (Jersey) Law 1998, as amended (the "Financial Services Law") and Article 45B of the Banking Business (Jersey) Law 1991, as amended (the "Banking Business Law") and Article 14A of the Collective Investment Funds (Jersey) Law 1988, as amended (the "Collective Investment Funds Law").

The Commission wishes it to be known that:


1. AEFG has never been registered, or applied for registration, under the Financial Services Law. Therefore any financial service business, as defined in Article 2 of the Financial Services Law and carried out since 1 July 1999, is a breach of Article 6 of the Financial Services Law.

2. AEFG has never been registered, or applied for registration, under the Banking Business Law. Therefore any deposit-taking business, as defined in Article 3 of the Banking Business Law and carried out since 1 October 1991, is a breach of Article 7 of the Banking Business Law.

3. AEFG and the 'Integris Group of Mutual Funds' have never been registered, or applied for registration under the Collective Investment Funds Law. Therefore any collective investment fund business, as defined in Articles 2 and 3 of the Law and carried out since 1 June 1989 is a breach of Article 4 of the Collective Investment Funds Law.

4. All regulated businesses are listed on the Commission's web site at www.jerseyfsc.org.

Any person who has had dealings with AEFG is requested to contact the Commission.

Gary Godel
Director Enforcement
Jersey Financial Services Commission.

Nelson House,
David Place,
St. Helier,
Jersey,
JE4 8TP.

20 July 2004

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