The Financial Services Commission (‘FSC’) in Gibraltar has issued a warning to the public about the address: Garrison House, Library Ramp, Gibraltar
Please read it:
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.
You’ll never guess which known companies are registered or linked to this address, Garrison House, Library Ramp, Gibraltar….
- Club Class International PLC
- Club Class Concierge Ltd
- Club Class Holdings Ltd
- Club Class Services sarl
- Club Class Plc
- Global Vacations Ltd
- Reclaim Ltd
- Leisure Alliance
- Casback Europe Plc
The FSC’s link states 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.
Then, if timeshare schemes and holiday clubs do not fall with their remit, why do they mention it?
Why do FSC invite persons with concerns about timeshare companies, cashback schemes or holiday clubs to contact the Department of Consumer Affairs (Government of Gibraltar) on (+350) 20050788 or (+350) 20044871 or by email to email@example.com?
Yes. You are reading my mind.
Will it be because they are receiving complaints from timeshare owners and other consumers regarding companies registered at this address: Garrison House, Library Ramp, Gibraltar?
If this is your case, I invite you to contact the Department of Consumer Affairs of Gibraltar.