Isle of Man Financial Group
This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 22 of the Financial Supervision Act 1988.
Isle of Man Financial Group
www.iomfg.co.uk
The Financial Supervision Commission has been made aware of the above website which purports to represent the above entity.
The above entity purports to have an address of “No31, Champion House, Douglas, IM99 1DD GB”. Extensive checks by the Commission have failed to establish the existence of any such address on the Isle of Man.
The Commission has been able to identify an address of simply “Champion House” in Douglas, Isle of Man with a postcode of IM99 1DD. The Commission can state categorically that there is no Isle of Man Financial Group at such address or associated in any way with such address.
Isle of Man Financial Group is not a company incorporated within the jurisdiction of the Isle of Man. It is not registered as a foreign company having established a place of business on the Isle of Man. It is not registered as a business name on the Isle of Man.
The activities claimed, on the website, to be undertaken by Isle of Man Financial Group clearly fall within those defined as licensable by the Commission if undertaken in or from the Island or held out as undertaken in or from the Island. Isle of Man Financial Group is not nor ever has been licensed by the Commission to undertake such activities. It is a criminal offence on the Isle of Man to undertake or hold out as undertaking licensable activities without holding the requisite license from and being regulated by the Commission. A list of all genuine licence holders of the Commission is available at http://www.iomfsa.im/licence/welcome.xml
The Commission has been unable to establish any genuine connection between the above entity and the Isle of Man.
The Commission has been unable to establish any genuine connection between the above entity and any persons on the Isle of Man.
Under the circumstances, the Commission would strongly urge persons considering dealing with the above entity to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice.
Any persons who are already involved in any dealings with the above entity and have concerns should contact the Enforcement Division on +44 1624 689313 or by email to fsc@gov.im.
Any persons who have paid funds to the above entity should contact their local Police Fraud Unit without delay.
FSC reference: JPM/37/2005