The Guernsey Financial Services Commission issued a warning that criminals have been using Larem Trustees Limited’s details in an attempt to commit fraud, including by setting up a false website in the firm’s name and offering escrow services. Larem Trustees Limited holds a secondary fiduciary licence and is regulated by the Commission, while its parent, PraxisIFM Trust Limited, holds the primary fiduciary licence. The Commission encouraged anyone seeking to do business with Larem Trustees Limited to take steps to ensure they are dealing with the genuine firm.
Guernsey Financial Services Commission 2025-10-27
Guernsey Financial Services Commission warns of fraudsters impersonating Larem Trustees Limited via a fake website offering escrow services
The Guernsey Financial Services Commission warns of fraud involving misuse of Larem Trustees Limited’s details, including a fake website offering escrow services. Larem Trustees Limited, with a secondary fiduciary licence, is regulated by the Commission, while its parent company, PraxisIFM Trust Limited, holds the primary licence. The Commission advises verifying dealings with Larem Trustees Limited.