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.
On 11 June 2003 The Commission issued a Public Warning regarding a website operating from the URL www.standardoffshorebank.com which purported to represent Standard Bank Offshore. That previous Public Warning is available.
http://www.fsc.gov.im/content/docs/SBO_com.pdf The Commission has now become aware of a website using the URL www.standardbankgrp.org and purporting to represent Standard Bank Offshore. The genuine Standard Bank Offshore is a registered Business name on the Isle of Man for a group of companies comprising:
Standard Bank Isle of Man Limited Standard Bank Trust Company (Isle of Man) Limited
Standard Bank Stockbrokers (Isle of Man) Limited
Standard Bank Manx Holdings Limited
Standard Bank Services Limited
Standard Bank Offshore is not in itself licensed or regulated by the Commission, however, those companies within the group undertaking licensable activities are. The licensed and regulated group companies on the Isle of Man are:
Standard Bank Isle of Man Limited - Banking Licence and authorised to conduct Category 3 Investment Business Standard Bank Stockbrokers (Isle of Man) Limited - Investment Business Licence (Category 5c)
Standard Bank Trust Company (Isle of Man) Limited - Corporate Service Provider Licence (Category 1)
Financial Supervision Commission P.O. Box 58, Finch Hill House, Bucks Road, Douglas, Isle of Man, IM99 IDT
The website using the above URL appears to have been copied, in parts, from the website of the genuine Standard Bank Offshore. The Commission are satisfied that the website using the URL does not represent and is in no way associated or endorsed by the genuine Standard Bank Offshore or its affiliates.
The registrant of the above URL is recorded as:
none apt 201
1380 N WW Road
The genuine Standard Bank Group operate a number of websites. They publish useful information on establishing whether a website is really operated by the Group. This information is available at Standard Bank The Commission would encourage anybody dealing with members of the Standard Bank Group online to read this information.
Under the circumstances the Commission would strongly urge persons considering dealing with any entities purporting to operate from the website at www.standardbankgrp.org to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice. Any persons who have paid funds away to any entities purporting to operate from the website at www.standardbankgrp.org should consider reporting details to their local Police Fraud Unit at the earliest possible opportunity.
Any persons who are involved in any dealings with entities purporting to operate from the website at www.standardbankgrp.org and have concerns should contact the Enforcement Division of the Commission on +44 1624 689313 or by e-mail to Financial Supervision Commission.