Seychelles’ Finance Sector Stands Out with Robust Regulatory Framework and Sophisticated Products
The Financial Services Authority (FSA) of Seychelles has taken several measures to protect investors, licensees, and the general public from fraudulent activities and unauthorized use of websites.
Notifiable Frauds and Unauthorized Use of Websites
The FSA has issued several notices to warn the public about various companies that are operating without a valid license or regulatory approval from the authority. Some of these companies include:
- Grand Capital Ltd, which was flagged for its fraudulent activities on its website https://grandcapital.net
- COF GLOBOL, PRO MARKET GROUP 24 LTD, and Trade Propel, which have also been accused of engaging in illegal activities
The FSA has warned the public to be cautious when dealing with these companies and to verify their licenses and regulatory status before investing or doing business with them.
Unauthorized Websites and Cloning of FSA’s Website
Additionally, the FSA has alerted the public to unauthorized use of websites such as:
These websites are not linked to any entity licensed or regulated by the FSA, and users are advised to exercise extreme caution when accessing these sites. The authority has also issued alerts regarding cloning of its website and forgery of securities dealer licenses.
Verifying Authenticity
The public is warned to be vigilant and verify the authenticity of any website claiming to be affiliated with the FSA before investing or doing business with them.
About Seychelles’ Finance Sector
Seychelles has a rich history in finance, dating back to 1995 when the country’s first financial institution was established. Today, the island nation boasts a sophisticated portfolio of products and services that cater to the complex needs of global business.
Role of Financial Services Authority (FSA)
The FSA plays a crucial role in regulating the finance sector, providing an efficient service delivery and a business-friendly environment for investors and licensees. The authority is committed to protecting the interests of market participants and the general public by ensuring that all entities operating in the sector comply with regulatory requirements.
Contact Us
If you have any questions or concerns about the FSA or its activities, please contact us:
- Financial Services Authority
- Bois De Rose Avenue, P.O. Box 991
- Victoria, Mahe, Seychelles
- Phone: [insert phone number]
- Email: [insert email]
- Website: [insert website]