Phone us  +31 20 808 7470     Email us

GM Litigation Assistance - Financial Risk Management, Financial Forensic Investigation & Legal Support

Investeringswaarschuwing – Beleggerswaarschuwing!

Alliance Financial Plc

Alliance Financial Plc - Waarschuwing FSC Jersey - 2012-Mar-13

Public Statement

Alliance Finance Plc ("Alliance") (the "Website")
Banking Business (Jersey) Law 1991, as amended (the "Banking Business Law")

The Jersey Financial Services Commission (the "Commission") issues this public statement under Article 48(2) of the Banking Business Law.

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers. Alliance has not received authorisation to conduct deposit-taking business within the meaning of the Banking Business Law.

It appears from documentation held by the Commission that Alliance is carrying on or holding out as carrying on deposit-taking business in Jersey when it is not authorised to do so pursuant to the provisions of the Banking Business Law.
The Commission wishes the following to be known:

1. Alliance has never been registered, nor applied for registration, under the Banking Business Law. Therefore any deposit-taking business, as defined in Article 3 of the Banking Business Law and carried out by Alliance since 1 October 1991, is in breach of Article 8 of the Banking Business Law.
2. From documentation held by the Commission, it appears Alliance and the
Website display warning signs of being set up for a fraudulent purpose.
All regulated businesses in Jersey are listed on the Commission’s website at the following address:

Any person who has had dealings with Alliance is requested to contact the Commission.

Jersey Financial Services Commission
14 – 18 Castle Street
St. Helier
Contact: Barry Faudemer –

12 March 2012