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2008

www.aibwt-nominees.com - 16 June 2016

Public Statement - www.aibwt-nominees.com

The Jersey Financial Services Commission (“the Commission”) has issued this public statement under Article 25(2) of the Financial Services (Jersey) Law 1998, as amended (the “Financial Services Law”).

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers. The persons named below have not received authorisation to conduct financial services business within the meaning of the Financial Services Law.

AIBWT Nominees Limited (“AIBWT Nominees”)
http://www.aibwt-nominees.com
http://aibwt.com (together, “the Websites”)
Jamal Wehbeh

The Commission believes that AIBWT Nominees, as described on the Websites, is carrying on, or holding out that it is carrying on, financial service business, in Jersey, when it is not authorised to do so pursuant to the provisions of the Financial Services Law. However, it should be noted that there is a genuine company called AIBJT Nominees Limited, part of the AIB group of companies, a bona-fide registered financial services provider in Jersey and other jurisdictions. AIBWT Nominees (as described on the Websites) and the Websites, are not, in any way, connected to the genuine AIBJT Nominees Limited or companies within the AIB Group.

The Commission wishes it to be known that:

1. AIBWT Nominees, as described on the Websites, has never been registered, or applied for registration, under the Financial Services Law. Therefore, any financial service business, as defined under Article 2 of the Financial Services Law, carried out in the name of AIBWT Nominees as described on the Websites, since 1 July 1999, is a breach of Article 7 of the Financial Services Law.

2. AIBWT Nominees (as described on the Websites), a person purportedly named Jamal Wehbeh and the Websites are not connected in any way to AIBJT Nominees Limited and companies within the AIB Group. The AIB Group has headquarters in Ireland and has a presence in various jurisdictions including Jersey. Companies within the AIB Group (AIBJT Nominees Limited and others) are authorised by the Commission to conduct regulated activities.

3. The Commission wishes to alert members of the public that the Websites provide false and misleading information and, from the documentation held by the Commission, it would appear that AIBWT Nominees (as described on the Websites), an individual purportedly named Jamal Wehbeh and the Websites display warning signs of being set up for a fraudulent purpose.

All regulated businesses in Jersey are listed on the Commission’s website at www.jerseyfsc.org.

Any person who has had dealings with AIBWT Nominees as described on the Websites is requested to contact the Commission.

Barry Faudemer
Director, Enforcement
Jersey Financial Services Commission

14 - 18 Castle Street
St. Helier
Jersey
JE4 8TP
Email: B.Faudemer@jerseyfsc.org

21 January 2008

 

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