Royal Finance Group / Royal Finance Group Isle of Man / www.royalfinancegroup.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 Commission has recently become aware of the above website which includes references to and claims to represent the above entities.
The website implies that the above entities are based in or have links to the Isle of Man.
Neither of the above entities is a company incorporated within the jurisdiction of the Isle of Man. They are not registered as foreign companies having established a place of business on the Isle of Man. They are not registered as a business names on the Isle of Man.
The above entities are not licensed by the Financial Supervision Commission to undertake banking business or any other regulated activity.
A list of all institutions licensed by the Commission is available on our website.
The Commission has established no association between these entities and any genuine Isle of Man companies.
The Commission has established no genuine links between these entities and the Isle of Man.
Although the website implies that the above entities are based in or have links with the Isle of Man, it also includes an address for the above entities of 165, Victoria Road, Saint-Pierre-Port, Guernsey. Enquiries made by the Commission to our fellow Regulator in Guernsey, the Guernsey Financial Services Commission have established that the entities are not regulated in Guernsey, nor is there any known genuine link between them and that jurisdiction. We are advised that the aforementioned alleged Guernsey address does not, in reality, exist.
Under the circumstances, the Commission would strongly urge persons considering dealing with the above entities 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 entities 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 entities should contact their local Police Fraud Unit without delay.
FSC Reference: JPM/25/2005