Public statement

BNP Paribas Bank

Public Statement

BNP Paribas Bank (the "Scam Entity")

(not connected in any way to BNP Paribas S.A., Jersey Branch)

info@bnparibas-es.com (the "Email Address")

www.bnpprchn.com/en and www.bppars.com/ch (together, the "Websites")

Banking Business (Jersey) Law 1991, as amended (the "Banking Business Law")

The Jersey Financial Services Commission (the "Commission") issues this public statement under Article 48(2) of the Banking Business Law.

This statement is made in order to warn members of the public against dealing with unauthorised financial service providers. The Scam Entity has not received authorisation to conduct deposit-taking business within the meaning of the Banking Business Law, and has no link whatsoever with BNP Paribas S.A, Jersey Branch.

It appears from documentation held by the Commission that the Scam Entity is falsely purporting to trade from an address of P.O. Box 158, Anley Street, St. Helier, Jersey, JE4 8RD and is carrying on, or holding out that it is carrying on, deposit-taking business in Jersey when it is not authorised to do so pursuant to the provisions of the Banking Business Law.

The Commission also wishes to alert members of the public that "Transfer Stop Orders", falsely purporting to originate from the Commission, have been sent from the Email Address to members of the public.

The Commission wishes the following to be known:

  1. The Scam Entity, the Websites and the Email Address are not connected in any way to BNP Paribas S.A., Jersey Branch and companies within the BNP Paribas group. In Jersey, the BNP Paribas S.A., Jersey Branch is located at BNP Paribas House, Anley Street, St. Helier, Jersey, JE2 3QE and is authorised by the Commission to conduct regulated activities.
  2. The Scam Entity has never been registered, nor 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 by the Scam Entity, is in breach of Article 8 of the Banking Business Law.
  3. The Commission wishes to alert members of the public that bogus "Transfer Stop Orders" originating from the Email Address are false and misleading.
  4. From documentation held by the Commission, it appears the Scam Entity displays warning signs of being set up for a fraudulent purpose.

All regulated businesses in Jersey are listed on our website.

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

Jersey Financial Services Commission

14-18 Castle Street

St. Helier

Jersey

JE4 8TP

Contact: Barry Faudemer – b.faudemer@jerseyfsc.org

29 July 2013