A company, REMAR Fund Ltd, is "is falsely claiming to trade from 17 and 18 Queen Street, St Helier. It is also carrying on, or holding out as carrying on, a Schedule 2 business (fund and security services activities) in or from within Jersey when it not registered with the JFSC."

There are none of the common qualifications such as "alleged to be." The Jersey Financial Services Commission is clear:

1 REMAR has never been registered, nor applied for registration, under the Supervisory Bodies Law. Therefore, any Schedule 2 business, as defined in Schedule 2 of the Proceeds of Crime (Jersey) Law 1999 carried out by REMAR, is in breach of Article 10 of the Supervisory Bodies Law.

2 From documentation held by the JFSC, REMAR, the websites and the email addresses display warning signs of being set up for fraudulent purposes.

The websites are at www.remarfund. com and www.remargroup. org and the Commission is aware of the following email addresses: info@remarfund.com and info@remargroup.org

The Commission asks that anyone who has had any dealings with Remar under any guise contact the enforcement team via https://www.jerseyfsc.org

The law is here: https://www.jerseylaw.je/laws/current/Pages/08.785.aspx