Public Statement - FEAF Bank

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

First European Asian Finance Bank

First European Asian Finance Bank, Inc

First European Asian Finance Bank & Trust

First European Asian Finance Bank & Trust Corporation

First European Asian Finance Bank & Securities

First European Asian Finance Bank Global Correspondent Network

Apex Continental Bank PLC

Asian European Finance

Trans Intercontinental Finance

Integris Group of Mutual Funds

Integris Managed Fund Solutions

African European Finance Trust

(Collectively “FEAF Bank”)

www.feaf-online.com (the “website”)

FEAF Bank have not received authorisation to conduct investment, deposit-taking or collective investment fund business within the meaning of the laws stated below.

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”), 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. FEAF 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 6 of the Financial Services Law.

2. FEAF 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 7 of the Banking Business Law.

3. FEAF Bank has never been registered, or applied for a license under the Collective Investment Funds Law. Therefore any collective investment fund business, as defined in Article 2 and 3 of the Law, carried out since 1 June 1989 is a breach of Article 4 of the Collective Investment Funds Law.

4. The Commission has established that no genuine links exist between FEAF Bank and the Island of Jersey.

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

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

Gary Godel
Director Enforcement
Jersey Financial Services Commission

Nelson House
David Place
St. Helier
Jersey
JE4 8TP

29 November 2004

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