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PRE 2004

Trans Intercontinental Finance - 16 June 2016

Public Statement - Trans Intercontinental Finance

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

Trans Intercontinental Finance ("TIF")
www.tif-online.com ("the website")

The purpose of this statement is to advise the public that TIF has not received authorisation to conduct financial service or deposit-taking business within the meaning of the Laws stated below.

The Commission has recently become aware of a website, www.tif-online.com that offers financial and banking services. The website states that TIF has a presence in Jersey when it does not.

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") and Article 45B of the Banking Business (Jersey) Law 1991, as amended ("the Banking Business Law").

The Commission wishes it to be known that:

1. TIF 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. TIF 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. All regulated businesses are listed on the Commission's web site at www.jerseyfsc.org.

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

Gary Godel
Director Enforcement
Jersey Financial Services Commission

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

25 November 2003

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