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2006

EFG Private Bank Limited, Jersey - 16 June 2016

Public Statement - EFG Private Bank Limited, Jersey

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

EFG Private Bank Limited, Jersey (“EFG PB Jsy”)

EFG PB Jsy has not received authorisation to conduct deposit-taking business within the meaning of the Law stated below; However, it should be noted that there is a genuine group by the name of the “EFG Group” (headquartered in Geneva) and companies in that group have a presence in Jersey and other jurisdictions. Please refer to the EFG Group website at www.efggroup.com for further information.

The Commission has issued this public statement under Article 48(1)(a) of the Banking Business (Jersey) Law 1991, as amended (the “Banking Business Law”).

The Commission wishes it to be known that:

  1. EFG PB Jsy has never been registered 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.
  2. EFG PB Jsy is not connected in any way to the authorised collective investment fund and trust company business provided in Jersey by EFG Offshore Limited and its associated entities. Please see www.efgoffshore.com and www.jerseyfsc.org for further information.
  3. EFG PB Jsy is not connected in any way to EFG Private Bank (Channel Islands) Limited which is authorised in Guernsey by the Guernsey Financial Services Commission (the “GFSC”) to conduct Banking and Investment Business. EFG Private Bank (Channel Islands) Limited has a registered address of EFG House, St Julian’s Avenue, St Peter Port, Guernsey, GY1 4NN. Please see the GFSC website at www.gfsc.gg for more information.
  4. EFG PB Jsy is not connected in any way to EFG Private Bank Limited (and its associated entities) which is authorised by the UK Financial Services Authority (the “FSA”) to carry on regulated activities, including but not limited to: Accepting Deposits; and Advising/Dealing/Arranging in investments. EFG Private Bank Limited has a registered address of 12 Hay Hill, London, W1J 6DW. Please see the FSA website at www.fsa.gov.uk for more information.

All regulated businesses are listed on the Commission’s website at www.jerseyfsc.org.
Any person who has had dealings with or any contact from persons purporting to represent EFG PB Jsy is requested to contact the Commission.

Gary Godel
Director Enforcement
Jersey Financial Services Commission

Nelson House
David Place
St. Helier
Jersey
JE4 8TP

7 July 2006

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