Financial Crime World

Seychelles Financial Services Authority Issues Warning Against Unauthorized Websites and Fraudulent Companies

The Financial Services Authority (FSA) of Seychelles is reminding investors, licensees, and the public at large about the importance of vigilance against fraudulent activities in the financial sector. In a series of regulatory updates, the FSA has issued several warnings against unauthorized websites and fraudulent companies.

Scam Alert: Trade Propel

The FSA has issued a notice regarding a website named TradePropel.com, which refers to a company not licensed or regulated by the FSA. The Authority advises the public to exercise caution and avoid dealing with the company.

  • Unlicensed and unregulated company
  • Not authorized to operate in or from Seychelles

Unauthorized Use of Websites

The FSA has also warned against several other unauthorized websites, including:

The Authority emphasizes that these websites are not linked to any entity licensed or regulated by the FSA in any capacity.

  • Not authorized to operate in or from Seychelles
  • No entity licensed or regulated by the FSA

Fraudulent Companies

In addition, the FSA has issued notices regarding two fraudulent companies:

The Authority urges the public to be wary of these companies, which are not authorized to operate in or from Seychelles.

  • Unlicensed and unregulated companies
  • Not authorized to operate in or from Seychelles

History and Regulation

The financial services sector in Seychelles has a long history of tranquility and careful development. With a robust regulatory and compliance framework, Seychelles offers a wide range of financial services, including:

  • Banking
  • Insurance
  • Company registration
  • Trusts
  • Foundations
  • Investment funds
  • Fintech
  • Securities

The FSA was established in 1992 and has played a crucial role in the growth and regulation of the financial sector in Seychelles.

Contact Information

The FSA is located at Bois De Rose Avenue, P.O. Box 991, Victoria, Mahe, Seychelles. For more information, visit their website or contact them during business hours.