Express Trust Bank / www.expresstrustbank.com / Gulf Bank PLC
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.
EXPRESS TRUST BANK - www.expresstrustbank.com
GULF BANK PLC
It has come to the attention of the Commission that Express Trust Bank, which purports to operate from the website www.expresstrustbank.com, is claiming in documentation to offer offshore banking, mutual funds and investment consultancy services from the Isle of Man.
To undertake such activity from the Isle of Man requires a licence from this Commission. No licence has been issued to Express Trust Bank, nor has any licence application ever been received, for any of the mentioned activities.
The London address and postcode given in the registration details for the website www.expresstrustbank.com do not exist.
Gulf Bank PLC is also mentioned within the documentation supplied to the Commission. No licence has been issued to Gulf Bank PLC, nor has any licence application ever been received, in relation to banking or any other licensable activity.
There is no legitimate connection between the Isle of Man and Express Trust Bank, www.expresstrustbank.com or Gulf Bank PLC.
The Commission would urge any persons approached to enter into a business relationship with any of the entities listed above to exercise the greatest possible caution before proceeding, bearing in mind the content of this Public Notice.
Any persons who are already involved in any dealings with these entities and have concerns should contact the Enforcement Division on +44 1624 689312 or by email to firstname.lastname@example.org.