Free Port Securities / www.freeportsecurities.co.uk

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 claims to represent the above entity.

The website contains statements alleging that the above entity has an address of 4 Athol Street, Douglas, Isle of Man, United Kingdom.

The website also makes reference to a purported “Freeport Trust Company and securities Ltd” (sic) purportedly of the same address.

Neither of the aforementioned entities is a company incorporated within the jurisdiction of the Isle of Man. Neither is registered as a foreign company having established a place of business on the Isle of Man. Neither is registered as a business name 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 in, on or from the Isle of Man.

The address 4, Athol Street, Douglas, Isle of Man is occupied by the genuine company Freeport Trust Company Limited which is licensed and regulated by the Commission. The subjects of this notice are not known to or in any way, manner or form associated with the genuine Freeport Trust Company Limited. The subjects of this notice do not have any presence at or connection with the 4 Athol Street Douglas address. The claims on the above website implying that they do are completely false.

The genuine Freeport Trust Company Limited does not, as of the date of issue of this Notice, operate a website.

A list of all institutions licensed by the Commission is available on our website.

The website www.freeportsecurities.co.uk contains within its design the official logo of the Commission. Use within the website of this logo has in no way been cleared, approved or sanctioned by the Commission, nor has any clearance approval or sanction been sought by the subjects of this notice. The appearance of our logo on the website must be taken in no way to imply any approval, licensing or regulation or knowledge of the above entities by the Commission.

The website www.freeportsecurities.co.uk lists a telephone number of +44 7040 113589 and a fax number of +44 709 287 6772 for the subjects of this notice. Neither of these numbers is an Isle of Man number.

The Commission has established no association between the subjects of this notice and any genuine Isle of Man companies.

The Commission has established no genuine links between the subjects of this notice and the Isle of Man.

Under the circumstances, the Commission would strongly urge persons considering dealing with the subjects of this notice 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 subjects of this notice and who have concerns should contact the Enforcement Division on +44 1624 689313 or by email to [email protected].

Any persons who have paid funds to the subjects of this notice should consider contacting their local Police Fraud Unit without delay.

For the complete avoidance of doubt the Commission wishes to reiterate that the subjects of this notice are not known or in any way, manner or form associated with the genuine Freeport Trust Company Limited of 4, Athol Street, Douglas, Isle of Man which is the holder of Corporate Service Provider (Category 1) and Trust Service Provider (Category 1) Licences issued by the Commission.

FSC Reference: JPM/33/2006