Regulatory Updates

The Financial Services Authority, hereby gives notice to the general public pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”) that the above mentioned licence held by Aldabra Consulting Services Limited has been revoked pursuant to section 29(1) of the FSA Act, effective May 21^st, 2020.

Therefore, note that effective May 21^st, 2020, Aldabra Consulting Services Limited no longer holds the above mentioned licence.

Financial Services Authority
Bois De Rose Avenue
P.O Box 991
Victoria, Mahe
Seychelles

The Financial Services Authority, hereby gives notice to the general public pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”) that the above mentioned licences held by Valsen Fiduciaries (Seychelles) Limited have been revoked pursuant to section 29(1) of the FSA Act, effective January 8^th, 2020.

The Financial Services Authority hereby gives notice to the general public, pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”), that the above mentioned licence held by Delta Capital Investments Ltd has been revoked pursuant to section 29(1) of the FSA Act, effective May 20^th, 2020.

The Financial Services Authority hereby gives notice to the general public, pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”), that the above mentioned licence held by Invictus Global Insurance PCC Limited has been revoked pursuant to section 29(1) of the FSA Act, effective May 11^th, 2020.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website: http://exp-option.com/ and the fact that contrary to what is being advertised on this website, the entity known as CMC LTD. is falsely advertising that they are licensed and regulated by the FSA to conduct business as a Securities dealer. Details on the website are as follows:

Website: http://exp-option.com/

CMC LTD. does not hold a valid license of any type from the FSA Seychelles. The entity is not regulated by the FSA Seychelles, nor has it been in the past.

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of CMC LTD.

The Financial Services Authority

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the following website: www.excoinvest.com and the fact that contrary to what is being advertised on this website, the entity known as Exco Invest Securities (Seychelles) Ltd, trading as Exco Invest, is falsely advertising that they are licensed and regulated by the FSA to conduct business as a Securities dealer. Details on the website are as follows:

Website: www.excoinvest.com

License number: SD038

Registration number: 8425493-1

Type of licence: Securities Dealer

Exco Invest Securities (Seychelles) Ltd does not hold a valid license of any type from the FSA Seychelles. The entity is not regulated by the FSA Seychelles, nor has it been in the past.

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of Exco Invest Securities (Seychelles) Ltd.

The Financial Services Authority

Surrender of Estera Corporate Services (Seychelles) Limited’s International Corporate Services Licence

The Financial Services Authority, hereby informs the public, that Estera Corporate Services (Seychelles) Limited (“Estera”), having its registered address at Stevenson Delhomme Suites, Le Chantier, P.O. Box 882, Victoria, Mahé, Seychelles has surrendered its International Corporate Services License pursuant to Section 30 (1) of the Financial Services Authority Act, 2013 (‘‘FSA Act’’) effective on January 31^st, 2019.

The Financial Services Authority (“FSA”) would like to draw the attention of all its licensees under the Insurance Act, 2008(“the Act”), pertaining to various requests made by several insurance companies regarding the eligibility of part-time or full time employees within their organization to act as a sub-agents of the insurer.

The Financial Services Authority (“FSA”) would like to draw the attention of all its licensees under the International Trade Zone Act, 1995(“ITZ Act”)on theirtax liabilities under Income and Non-Monetary Benefit Tax(“INMBT”)Act on emoluments and non-monetary benefits being offered toemployees of ITZ licensees.

It has been brought to the attention of the Financial Services Authority (“FSA”) that an entity known as Sandberg Financial LLC,with company number 562839, is falsely claiming to be incorporated in Seychelles as an international business company (“IBC”) by providing its clients with a Certificate of Good Standing allegedly issued by the FSA (formerly the Seychelles International Business Authority), as the Registrar of IBCs.

The FSA hereby informs potential investors, licensees and the general public that the company Sandberg Financial LLC is not an IBC incorporated under the International Business Companies Act, 2016 and does not feature on the FSA’s Register of IBCs.

The FSA strongly advises the public to exercise extreme caution when dealing with this company.

The Financial Services Authority