The Financial Services Commission has today issued a warning to the public regarding Reincarnation Bank. This entity has been operating a website on which it claims to be "a banking facility for all believers of Reincarnation. The Bank offers a safe and secure management system for its clients a place they can leave behind their assets and commodities for the return into their next life."
Reincarnation Bank is not regulated by the FSC, or licensed under the Financial Services (Banking) Act or any other Supervisory Acts to carry on deposit taking or any other financial services business in or from within Gibraltar.
The FSC has also acted swiftly in order to obtain an injunction in the Supreme Court of Gibraltar. That injunction was obtained on 6th January 2010 and requires the Defendant to take all steps necessary to suspend access by the public to the website www.reincarnationbank.com and also prohibits 2i Limited trading as Reincarnation bank from:
The FSC therefore urges the public to exercise appropriate caution in respect of this entity, whilst it continues its investigations.
People are also able to verify whether a firm is licensed, by checking the "Regulated Entities" section on our website at http://www.fsc.gi/fsclists/categorysearch.asp . Any persons who are already involved in any dealings with the above entity and have concerns, should contact the Manager, Fiduciary Services and Enforcement on +350 200 40283 or by e-mail to enforcement@fsc.gi.