Offshore Credit Services Limited
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 become aware of correspondence purporting to have been issued by the above entity. In the correspondence the above entity claims to have an address of 1 Castle Street, Castletown, Isle of Man, IM9 1LF, British Isles.
In the correspondence seen by the Commission it is claimed that “…your fund in Bond totalling US$10.5m is under our management. We will require you to forward a copy of your identification (international passport), showing fully your data for proper reconciliation and documentation. As soon as the reconciliations are done, we will proceed to discount the bonds for further transfer to your designated bank account.”
Extensive enquiries carried out by the Commission have established that the above entity does not have any presence at, or genuine association with, the aforementioned address.
The aforementioned address is in reality occupied by the genuine Wychwood Trust Limited. The genuine Wychwood Trust Limited is regulated by the Commission and holds a licence to undertake Corporate Service Provider (Category 1) type business.
A list of all institutions licensed by the Commission is available on our website.
The above named Offshore Credit Services Limited does not have any association or connection with the aforementioned genuine Wychwood Trust Limited.
Offshore Credit Services Limited is not a company incorporated within the jurisdiction of the Isle of Man. It is not registered as a foreign company having established a place of business on the Isle of Man. It is not registered as business name on the Isle of Man.
The Commission has established no association between the above Offshore Credit Services Limited and any genuine Isle of Man company.
The Commission has established no genuine links between the above Offshore Credit Services Limited and the Isle of Man.
Under the circumstances, the Commission would strongly urge that persons in receipt of correspondence matching the above description 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 resulting from correspondence matching the above description and who have concerns should contact the Enforcement Division on +44 1624 689314 or by email to [email protected].
Any persons who have paid funds to, or disclosed personal financial details in relation to correspondence matching the above description should consider contacting their local Police Fraud Unit without delay.
FSC Reference CD/11/2007