Public Statement - Bankers Trust International (“BTI”)

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

Bankers Trust International (“BTI”)
www.bti-onlineplc.info (the “Website”)

The Commission believes that BTI, through the use of the Website, is carrying on or holding out that it is carrying on banking, collective investment funds and financial services business in Jersey when it is not authorised to do so within the meaning of the Laws stated below; However, it should be noted that there is a genuine company by the name of “Bankers Trust International Plc” (based in London) which is ultimately owned by Deutsche Bank AG and that BTI and the Website are in not connected in any way to the genuine entities - Bankers Trust International Plc and Deutsche Bank AG. Companies in the Deutsche Bank Group have a presence in Jersey and other jurisdictions. Please refer to the Deutsche Bank Group website at www.db.com for further information.

The Commission has issued this public statement under Article 48(2) of the Banking Business (Jersey) Law 1991, as amended (the “Banking Business Law”), Article 25(2) of the Financial Services (Jersey) Law 1998, as amended (the “Financial Services Law”) and Article 17(2) of the Collective Investment Funds (Jersey) Law 1988 (the “Collective Investment Funds Law”).

The Commission wishes it to be known that:

• BTI 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.
  
• BTI has never been registered under the Financial Services Law. Therefore any financial services 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.
  
• BTI has never been registered under the Collective Investment Funds Law. Therefore any collective investment funds business, as defined in Article 3 of the Collective Investment Funds Law and carried out since 1 June 1988, is a breach of Article 5 of the Collective Investment Funds Law.
  
• BTI and the Website are not connected in any way to Bankers Trust International Plc or Deutsche Bank AG, the ultimate owner of Bankers Trust International Plc. Deutsche Bank AG is authorised in the UK by the Financial Services Authority (the “FSA”) to carry on regulated activities, including but not limited to: Accepting Deposits; and Advising/Dealing/Arranging in investments. Deutsche Bank AG has a registered address of Winchester House, 1 Great Winchester Street, London, EC2N 2DB. Please see the FSA website at www.fsa.gov.uk and the Deutsche Bank AG website at www.db.com for further information.
  
• Companies within the Deutsche Bank Group are authorised by the Commission to conduct banking, collective investment funds and financial services business within the meaning of the laws stated above. The Deutsche Bank Group has a Jersey registered address of: St Paul’s Gate, New Street, St. Helier, Jersey, JE4 8ZB. Please see the Commission website at www.jerseyfsc.org and the Deutsche Bank Offshore website at www.dboffshore.com/offshore for further information.

All regulated businesses in Jersey 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 BTI is requested to contact the Commission.

Gary Godel
Director Enforcement
Jersey Financial Services Commission

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

8 December 2006

Top

<< Back to contents