Bogus Banks and Other Financial Institutions by Guernsey Financial Services Commission (GFSC)
The Guernsey Financial Services Commission (GFSC) maintains a list of bogus banks and other financial institutions to protect consumers and uphold the integrity of the financial system. This list includes entities that falsely claim to be licensed or regulated, posing serious risks to investors and the public.
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219 Entities in Bogus Banks and Other Financial Institutions by Guernsey Financial Services Commission (GFSC)
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
OFFSHORE CAPITAL CONSERVATOR JERSEY LTD | Company | Oct 29, 2024 | active |
GUERNSEY OFFSHORE PRIVATE BANKING LIMITED | Company | Jan 16, 2023 | inactive |
GUERNSEY OFFSHORE PRIVATE BANKING LIMITED | Company | Oct 29, 2024 | active |
CITY FIDELITY TRUST BANK | Company | Jan 16, 2023 | inactive |
CITY FIDELITY TRUST BANK | Company | Oct 29, 2024 | active |
ORION DEVELOPMENT BANK AG | Company | Jan 16, 2023 | inactive |
ORION DEVELOPMENT BANK AG | Company | Oct 29, 2024 | active |
CREDIT NOMINEES BANK | Company | Jan 16, 2023 | inactive |
CREDIT NOMINEES BANK | Company | Oct 29, 2024 | active |
MERIDIEN TRUST FINANCE MERIDIEN TRUST FINANCE TRUST CORPORATION | Company | Oct 29, 2024 | active |
FAQs
Why is compliance with Bogus Banks and Other Financial Institutions by Guernsey Financial Services Commission (GFSC) necessary?
Complying with sanctions against Bogus Banks and Other Financial Institutions is essential for maintaining the integrity and stability of the financial system. These sanctions protect consumers and businesses from fraudulent activities and financial scams that can lead to significant losses. Bogus banks often operate without proper licenses and may deceive individuals by offering unrealistic returns on investments. By adhering to these sanctions, compliance professionals can help ensure that their organizations do not inadvertently engage with these illegitimate entities.
Which companies should comply with Bogus Banks and Other Financial Institutions by Guernsey Financial Services Commission (GFSC)?
Companies in the banking and finance sectors must comply with the Guernsey Financial Services Commission (GFSC) guidelines on bogus banks. Compliance is crucial to prevent money laundering, protect consumer interests, and maintain the integrity of the financial system. By adhering to these guidelines, firms can avoid legal penalties and enhance their reputation.
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