Be it known to all investors that Swiss Mutual Fund (1948) S.A. is not a licensed financial institution but merely an International Business Corporation (IBC) registered in the Commonwealth of Dominica. The use of electronic point or e-point by SwissCash, financial product of Swiss Mutual Fund (1948) S.A. is an obvious indication that they are not a financial institution.
Investors should be aware of this fact before making the "investment" in this kind of financial product. The latest SwissCash's financial products are SIP25 Plan replacing SIP15300 and Agriculture Commodity Fund (ACF). Investors should be aware that for internet investment it is not a solid investment and it is always at your own risk! In the event of failure, no one should be blamed except the owners of Swiss Mutual Fund (1948) S.A.
Here is a detailed analysis of the email received from Dominica Financial Intelligence Unit.
Email headers from Commonwealth of Dominica IP Address
Tool Used to check the IP location http://whois.domaintools.com/207.42.135.74
IP address: 207.42.135.74
IP country: Dominica
IP Address city: Roseau
isp:Sprint
organization:Cable & Wireless Antigua
Delivered-To: xx2@gmail.com
Received: by 10.82.163.20 with SMTP id l20cs608048bue;
Mon, 26 Mar 2007 13:15:20 -0700 (PDT)
Received: by 10.90.118.8 with SMTP id q8mr1180927agc.1174940115477;
Mon, 26 Mar 2007 13:15:15 -0700 (PDT)
Return-Path:
Received: from candwall.com (domcgpfe2.candwall.com [205.214.221.118])
by mx.google.com with ESMTP id 36si7458603agc.2007.03.26.13.15.14;
Mon, 26 Mar 2007 13:15:15 -0700 (PDT)
Received-SPF: neutral (google.com: 205.214.221.118 is neither permitted nor denied by best guess record for domain of financial@cwdom.dm)
Received: from [207.42.135.74] (account financial@cwdom.dm HELO ronaldkggmmqk8)
by cgpfe2.candwall.com (CommuniGate Pro SMTP 5.1c.4)
with ESMTPA id 76768244; Mon, 26 Mar 2007 16:15:17 -0400
Message-ID: <001401c76fe3$74cc3db0$c767a8c0@FIU>
Reply-To: "Dominica-FIU"
From: "Dominica-FIU"
To:
Cc: , ,"Legal Affairs and Immigration"
Subject: Swiss Mutual Fund (1948) S.A.
Date: Mon, 26 Mar 2007 16:14:56 -0400
Organization: Financial Intelligence Unit
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0011_01C76FC1.E4C38AA0"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 6.00.2900.3028
Disposition-Notification-To: "Dominica-FIU"
X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.3028
X-Antivirus: avast! (VPS 000728-0, 03/26/2007), Outbound message
X-Antivirus-Status: Clean
This is a multi-part message in MIME format.
---------- Original message ----------
From: Dominica-FIU
Date: Mar 27, 2007 4:14 AM
Subject: Swiss Mutual Fund (1948) S.A.
To: xxx@yahoo.com.sg
Cc: xx1@gmail.com, xx2@gmail.com, Legal Affairs and Immigration
Dear Sir/Madam,
Swiss Mutual Fund (1948) S.A. was incorporated in Dominica on December 20, 1999 as an International Business Company (IBC). The Company does not have a physical presence in our jurisdiction. Swiss Mutual Fund and Swiss Cash are not registered entities in Dominica.
An IBC cannot operate as a financial institution in Dominica without a licence under the aegis of either the Offshore Banking Act No. 8 of 1996 or the Banking Act Chap. 73:01 of the Revised Laws of Dominica. An entity operating as a financial institution is governed by the applicable laws in it's operational jurisdiction.
Regards
J. Ronald Lander
Director
Dominica FIU
This message, and any attachment contained, are confidential and subject of legal privilege. It may be used solely for the designated police/justice purpose and by the individual or entity to whom it is addressed. The information is not to be
disseminated to another agency or third party without the author’s consent, and must not be retained longer than is necessary for the fulfillment of the purpose for which the information is to be used. All practicable steps shall be taken by the recipients to ensure that information is protected against unauthorized access or processing.
If you are not the intended recipient, be advised that you have received this message in error. In such a case, you should not print it, copy it, make any use of it or disclose it, but please notify us immediately and delete the message from any computer.
Sunday, April 8, 2007
FAQs about SwissCash
Here are the Frequently Ask Questions (FAQ) not listed in the company’s FAQ (The listed questions have being asked to Swisscash’s Admin and here are the replied ); updated: June 20, 2006
QUESTION: Hi! Your IP address is registered in Malaysia and for a period of 1 year only. Are you a Malaysian company? why 1 year?
ANSWER: Our database and ftp servers are situated in US as well as other places. We do have mail servers in Malaysia, Hong Kong, Australia, UK, Brazil and US. If you trace the source of our mail servers from the email that you received, you will find that its IP could originate from any of these countries.If you are referring to domain name registration, it is on an auto yearly renewal basis. The date of Registration and Expiry is on yearly basis as well. You do not have to worry about this matter. We are not registered in Malaysia, therefore we are not a Malaysian company.
QUESTION: The language on your welcome messages are filled with errors very common to Chinese in Malaysia. Please comment. Even in the CEO statement such errors are made.
ANSWER: We hope you are kind enough to point out the mistakes you have came across. Various people in various countries have different way of communicating in English. We do not know how Chinese in Malaysia speaks their English. However we apologize if our presentation misled your understanding on our financial facility.
QUESTION: When I called the US office, the guy was very evasive and said someone will call me back but no one did.
ANSWER: Our customer service does not call back to investors because we do not entertain people who calls up to enquire about our financial facilities that caters for public such as SwissCash. You have to understand that people call up everyday speaking to our customer service team in Latin Spanish, Portuguese, Tamil, Chinese dialects, Russian, Germans and all sort of languages. We cannot possibly entertain all our global investors’ needs. All necessary information has been provided in the website and one can always use the Swiss Messenger to communicate with us. We are schedule to launch our multiple language website early next year. By then, we hope you can understand our website presentation in your preferred local language.
QUESTION: Due Diligence Board says that this programme is a scam as no transparency is in place. please comment.
ANSWER: It would be good if you can tell us you hire which Due Diligence Board to make enquiries on SMF or SC. If you are referring to companies that you simply search on directories or websites, you have to first determine their credibility. Many people claims to be from Due Diligence board all over the world called up or even emailed us but we do not even entertain them because we do not even know if they are genuine.
QUESTION: Why is money wired to Cyprus when the company is based in Dominica?
ANSWER: Commonwealth of Dominica is an offshore heaven for International Business Corporations due to taxation matters but we do not trust the banking facility. Cyprus is one of the best European Union nation with flexible financial systems that caters well for our clients and our companies. With all due respect; you are not the 1st person or even the 10,000th person who is dealing with SMF or SC. Many big corporations (for the past nearly 60 years) as well as individual investors before you had done their homework, invest with SMF/SC and enjoy our financial facilities. We understand your concern but it seems very unfounded.
QUESTION: If I sign up a Swiss Cash account now under my name now and decide to sell the account away to someone else later. Is it possible to change the ownership (name) of the account?
ANSWER: Transferring of ownership of account can no longer be approved by the management of SwissCash (updated 1-10-2006)
QUESTION: What happens when an investor passes away? Who can get access to the account?
ANSWER: Investors are encouraged to inform SwissCash of their next of kin in case such situation arises. Investors can do so in their online trading account under Swiss Personal Info- Edit Personal Info. The beneficiary will have to scan a copy of the death certificate and their own Identification Card/Passport and e-mail to service@… for verification.
QUESTION: We have come across a friend who claimed that he had checked with the Swiss Embassy in Singapore about the existence of Swiss Mutual Fund. He said he was told by the Embassy that no record of establishment of Swiss Mutual Fund was found as per the Embassy’s record. Could there be any specific reason to this? We hope that this would be clear as many people have expressed concern over this issue.
ANSWER: We are not involved with the operation of Swiss Embassy, thus we cannot comment on that. Anyway, Swiss Mutual Fund does not incorporate itself in Switzerland for more than 7 years, it is only logical if no such record is available from the Embassy. It has been incorporated in Commonwealth of Dominica since 1996.
QUESTION: Is there any specific reason why SMF open the bank account at Federal Bank of the MIddle East Limited, Nicosia, Cyprus. Even thought we know this is a very big bank. But the company registered in Commonwealth of Domanica and office is New York?
ANSWER: Commonwealth of Dominica is an offshore haven for International Business Corporations due to taxation matters but we do not trust the banking facility. Cyprus is one of the best European Union nation with flexible financial systems that caters well for our clients and our companies all these years.
QUESTION: May I know where did you invest our money?
ANSWER: We are sorry to inform you that how SwissCash Global Investors funds are managed is part of SMF Private Investment Policy. SwissCash financial facility does not function by explaining to its investors how their money are invested. It functions by paying a fixed return for the investment made. Swiss Mutual Fund has and will always do investment with only legitimate business. We have been operating for nearly 60 years and will not jeopardize our reputation with investment in businesses that is not legal.
QUESTION: What is relationship between SMF and JP Morgan Chase?
ANSWER: JP Morgan is the correspondent bank used by certain beneficiary banks when an Out-Going Money Transfer is requested.
QUESTION: Is that true your U.S office is virtual office? If yes, what is the purpose of having virtual office in U.S?
ANSWER: Our operations are mostly represented in the United States, Canada, United Kingdom and Switzerland. Many of our offices are operating as Representative status and only cater for our corporate investor but not open for public enquiries. New York is our Customer Service Office for Global Investors enquiries. We do not conduct our business activities there.
Remarks: It has been a common knowledge that there are virtual office services are available in USA and there is no intention of fraud to use this kind of service for cost saving and to maximize returns for investors.
Even company with physical address may go burst and it does not matter with virtual offices when it has been operating well and investors are happy with their returns.
QUESTION: Hi! Your IP address is registered in Malaysia and for a period of 1 year only. Are you a Malaysian company? why 1 year?
ANSWER: Our database and ftp servers are situated in US as well as other places. We do have mail servers in Malaysia, Hong Kong, Australia, UK, Brazil and US. If you trace the source of our mail servers from the email that you received, you will find that its IP could originate from any of these countries.If you are referring to domain name registration, it is on an auto yearly renewal basis. The date of Registration and Expiry is on yearly basis as well. You do not have to worry about this matter. We are not registered in Malaysia, therefore we are not a Malaysian company.
QUESTION: The language on your welcome messages are filled with errors very common to Chinese in Malaysia. Please comment. Even in the CEO statement such errors are made.
ANSWER: We hope you are kind enough to point out the mistakes you have came across. Various people in various countries have different way of communicating in English. We do not know how Chinese in Malaysia speaks their English. However we apologize if our presentation misled your understanding on our financial facility.
QUESTION: When I called the US office, the guy was very evasive and said someone will call me back but no one did.
ANSWER: Our customer service does not call back to investors because we do not entertain people who calls up to enquire about our financial facilities that caters for public such as SwissCash. You have to understand that people call up everyday speaking to our customer service team in Latin Spanish, Portuguese, Tamil, Chinese dialects, Russian, Germans and all sort of languages. We cannot possibly entertain all our global investors’ needs. All necessary information has been provided in the website and one can always use the Swiss Messenger to communicate with us. We are schedule to launch our multiple language website early next year. By then, we hope you can understand our website presentation in your preferred local language.
QUESTION: Due Diligence Board says that this programme is a scam as no transparency is in place. please comment.
ANSWER: It would be good if you can tell us you hire which Due Diligence Board to make enquiries on SMF or SC. If you are referring to companies that you simply search on directories or websites, you have to first determine their credibility. Many people claims to be from Due Diligence board all over the world called up or even emailed us but we do not even entertain them because we do not even know if they are genuine.
QUESTION: Why is money wired to Cyprus when the company is based in Dominica?
ANSWER: Commonwealth of Dominica is an offshore heaven for International Business Corporations due to taxation matters but we do not trust the banking facility. Cyprus is one of the best European Union nation with flexible financial systems that caters well for our clients and our companies. With all due respect; you are not the 1st person or even the 10,000th person who is dealing with SMF or SC. Many big corporations (for the past nearly 60 years) as well as individual investors before you had done their homework, invest with SMF/SC and enjoy our financial facilities. We understand your concern but it seems very unfounded.
QUESTION: If I sign up a Swiss Cash account now under my name now and decide to sell the account away to someone else later. Is it possible to change the ownership (name) of the account?
ANSWER: Transferring of ownership of account can no longer be approved by the management of SwissCash (updated 1-10-2006)
QUESTION: What happens when an investor passes away? Who can get access to the account?
ANSWER: Investors are encouraged to inform SwissCash of their next of kin in case such situation arises. Investors can do so in their online trading account under Swiss Personal Info- Edit Personal Info. The beneficiary will have to scan a copy of the death certificate and their own Identification Card/Passport and e-mail to service@… for verification.
QUESTION: We have come across a friend who claimed that he had checked with the Swiss Embassy in Singapore about the existence of Swiss Mutual Fund. He said he was told by the Embassy that no record of establishment of Swiss Mutual Fund was found as per the Embassy’s record. Could there be any specific reason to this? We hope that this would be clear as many people have expressed concern over this issue.
ANSWER: We are not involved with the operation of Swiss Embassy, thus we cannot comment on that. Anyway, Swiss Mutual Fund does not incorporate itself in Switzerland for more than 7 years, it is only logical if no such record is available from the Embassy. It has been incorporated in Commonwealth of Dominica since 1996.
QUESTION: Is there any specific reason why SMF open the bank account at Federal Bank of the MIddle East Limited, Nicosia, Cyprus. Even thought we know this is a very big bank. But the company registered in Commonwealth of Domanica and office is New York?
ANSWER: Commonwealth of Dominica is an offshore haven for International Business Corporations due to taxation matters but we do not trust the banking facility. Cyprus is one of the best European Union nation with flexible financial systems that caters well for our clients and our companies all these years.
QUESTION: May I know where did you invest our money?
ANSWER: We are sorry to inform you that how SwissCash Global Investors funds are managed is part of SMF Private Investment Policy. SwissCash financial facility does not function by explaining to its investors how their money are invested. It functions by paying a fixed return for the investment made. Swiss Mutual Fund has and will always do investment with only legitimate business. We have been operating for nearly 60 years and will not jeopardize our reputation with investment in businesses that is not legal.
QUESTION: What is relationship between SMF and JP Morgan Chase?
ANSWER: JP Morgan is the correspondent bank used by certain beneficiary banks when an Out-Going Money Transfer is requested.
QUESTION: Is that true your U.S office is virtual office? If yes, what is the purpose of having virtual office in U.S?
ANSWER: Our operations are mostly represented in the United States, Canada, United Kingdom and Switzerland. Many of our offices are operating as Representative status and only cater for our corporate investor but not open for public enquiries. New York is our Customer Service Office for Global Investors enquiries. We do not conduct our business activities there.
Remarks: It has been a common knowledge that there are virtual office services are available in USA and there is no intention of fraud to use this kind of service for cost saving and to maximize returns for investors.
Even company with physical address may go burst and it does not matter with virtual offices when it has been operating well and investors are happy with their returns.
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