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2006

APS International Bank - 6 March 2006

Public Statement - APS International Bank

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

APS International Bank
APS bank (sic)
APS Group
APS Online Banking

(Collectively “APS International Bank”)

www.apsgroups.com (the “website”)


APS International Bank has not received authorisation to conduct trust company business or deposit-taking business within the meaning of the laws stated below.

The Jersey Financial Services Commission (the “Commission”) has issued this public statement under Article 25 of the Financial Services (Jersey) Law 1998, as amended (the “Financial Services Law”) and Article 48 of the Banking Business (Jersey) Law 1991, as amended (the “Banking Business Law").

The Commission wishes it to be known that:

1. APS International Bank 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 7 of the Financial Services Law.

2. APS International Bank 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 8 of the Banking Business Law.

3. APS International Bank is not connected in any way to the genuine authorised credit institution, APS Bank Limited, registered in Malta whose website is www.apsbank.com.mt.

4. APS International Bank is not connected in any way to the service provider Advanced Payment Solutions Limited (“APS Ltd”) which is registered in the UK and whose website is www.apsgroup.com.

5. All other regulated businesses are listed on the Commission’s website at www.jerseyfsc.org.


Any person who has had dealings with APS International Bank is requested to contact the Commission.


Gary Godel
Director Enforcement
Jersey Financial Services Commission

Nelson House
David Place
St. Helier
Jersey
JE4 8TP

6 March 2006

 

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