Bogus website - www.capitalfin.org -Capital Finance (Channel Islands) Limited

This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 30 of the Financial Services Act 2008.

Bogus website - www.capitalfin.org
Capital Finance (Channel Islands) Limited

The Financial Supervision Commission has become aware of the above website which purports to represent the entity, Capital Finance.

The “Contact Us” page of the website states “If you meet our £100,000 investment threshold and want to learn more about our service, contact our New Business Team…”. The contact details given are: “Capital Finance (Channel Islands) Limited, 10, Finch Road, Douglas, Isle of Man IM99 1QE”.

There is a genuine holder of an Isle of Man Banking Licence at the address “10, Finch Road, Douglas, Isle of Man IM99 1QE” but the Commission has established that the aforementioned website and entity are not connected or associated with this genuine entity or address in any way.

Capital Finance (Channel Islands) Limited is not licensed by the Commission to undertake any regulated activities in, on or from the Isle of Man.

A list of all institutions licensed by the Commission is available on our website at www.fsc.gov.im.

Capital Finance (Channel Islands) 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 a business name on the Isle of Man.

On the above website it has an “Announcement” which states “Our new name – Introducing BTF Wealth Management. Changes to the BTF Diversified Fund Natural Resources Equity Compartment”. BTF Wealth Management 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 a business name on the Isle of Man.

Despite extensive research we are unable to identify a genuine entity named BTF Wealth Management.

Under the circumstances the Financial Supervision Commission feels that the aforementioned website maybe being used as an attempt at gaining personal data from the recipient in order to steal their identity – see explanatory notice issued by the Commission at:

http://www.iomfsa.im/ViewNews.gov?page=lib/news/iomfsa/identitytheft.xml&menuid=11570

Also see information issued by the Isle of Man Office of the Data Protection Supervisor at:

http://www.gov.im/lib/news/odps/yourinformationy.xml

Under the circumstances, the Commission would strongly urge persons considering dealing with this entity to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice.

Any persons who have paid funds in connection to the above website or entity should contact their local Police Fraud Unit without delay.

Any persons who are already involved in any dealings with the above website and have concerns should contact the Enforcement Division on +44 1624 689314 or by e-mail to [email protected].

FSC Reference: CD/09/2009