The Financial Services Commission ('FSC') has today issued a warning to the public regarding the above address.
This follows repeated references to this address as the Gibraltar office of unlicensed entities, which have been carrying on financial services business and have been the subject of enquiries received at the FSC.
The FSC's investigations have shown that the majority of entities that claim to be at this address are not incorporated in Gibraltar and often have no discernible presence in any other jurisdiction and which may well be bogus. Their sole link to this address appears to be as recipients of a mail forwarding service.
The FSC therefore urges the public to exercise appropriate caution in respect of any financial services entities that claim an association with this address. Our investigations indicate that there are several 'Suite 1s' at that location, but that the offices in question are on the second floor.
Please note that there are also legitimate, non-financial services companies which also operate from Garrison House and use 'Suite 1' as part of their addresses.
The FSC would therefore like to make it clear that Find A Property Limited (Incorporation No.106210), Pentasia (Gibraltar) Limited (Incorporation No.106186) and iCoins Limited (Incorporation No.98337) are Gibraltar-registered companies and are not the intended subject of this warning.
People are able to verify whether a firm is licensed, by checking the "Regulated Entities" section on our website at http://www.fsc.gi/fsclists/Search.aspx.
Please also note that generally timeshare schemes and holiday clubs do not fall within the remit of the FSC as they are not carrying on a financial services business as defined in our legislation.
Any persons who are already involved in any dealings with any entity that appears to be carrying on financial services business and claiming to operate from Suite 1, Garrison House, Library Ramp, Gibraltar and have concerns, should contact the Manager, Enforcement on (+350) 200 40283 or by e-mail to enforcement@fsc.gi.
Persons with concerns about timeshare companies, cashback schemes or holiday clubs should contact the Department of Consumer Affairs (Government of Gibraltar) on (+350) 20050788 or (+350) 20044871 or by email to conaffairs@gibtelecom.net.