Meridian Trust Bank (2) / www.meridiantrust.com
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.
The Meridian website www.meridiantrust.com has been brought to the attention of the Commission.
Please note the warning issued by the Commission in relation to www.meridiantrustbank.com on 20
Although the www.meridiantrustbank.com website cannot currently be accessed, the Commission
understands that its content is very similar to that of www.meridiantrust.com.
Meridian, on the www.meridiantrust.com website, claims to operate its “London office” from Box 743,
Meridian Court, 52 Circular Road, Douglas, Isle of Man IM99 1RH. It claims to offer banking and
other unspecified financial services from this address.
To conduct banking business in or from the Isle of Man requires a banking licence issued by the
Commission under the Banking Act 1998. Meridian does not possess a banking licence, nor is there
any record of Meridian having applied for a banking licence. Offering or actually providing banking
services in or from the Isle of Man without the relevant licence from the Commission is a criminal
As far as the Commission can ascertain, there is no building at 52 Circular Road, which is currently
open ground used as a car park. In addition, the contact telephone numbers on the Meridian website
are not Isle of Man telephone numbers. The Commission has therefore been unable to establish that
any genuine link exists between Meridian and the Isle of Man.
The Commission understands that the biographies of the supposed directors of Meridian, listed in the
section of the website called “The Company”, are biographies of genuine financial services
professionals available elsewhere on the Internet, although their names have been changed. The
individuals described in the biographies have no connection with Meridian.
Although visitors to the website www.meridiantrust.com may suspect that Meridian is not a genuine
licensed banking institution due to its claim “to be puting (sic) smile on your face” and asking the
questions “Where do you go for banking excelence (sic)” and “Where your convinence (sic) is
paramount?”, the Commission would urge any person considering doing business with Meridian to exercise the greatest possible caution, bearing in mind the content of this Public Notice. A similar notice was posted in February 2003 on the website of the Jersey Financial Services Commission.
An up-to-date list of licensed financial service providers regulated by the Commission is available.
Any persons with any concerns about Meridian should contact the Enforcement Division on +44
1624 689312 or by email to firstname.lastname@example.org.
FSC Reference: ASW/24/2003