China Merchants International Corporation
Public Statement
China Merchants International Corporation ("CMIC")
www.chinamint.cn.com (the "Website")
Financial Services (Jersey) Law 1998, as amended (the "Financial Services Law")
The Jersey Financial Services Commission (the "Commission") issues this Public Statement under Article 25(d) of the Financial Services Law.
This statement is made in order to warn investors and others against dealing with unauthorised financial service providers. CMIC has not received authorisation to conduct financial services business within the meaning of the Financial Services Law.
The Commission has recently been made aware that CMIC is offering investment advice to Jersey residents through unsolicited telephone calls.
The Commission wishes the following to be known:
1. CMIC has never been registered, nor 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 by CMIC since 1 July 1999, is in breach of Article 7 of the Financial Services Law;
2. From documentation held by the Commission, it appears CMIC and the Website display 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 CMIC 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
Issued: 31 July 2015