Regulatory Updates

Warning: Unauthorised Activity under the Virtual Asset Service Providers Act, 2024

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website www.blockdag.network and the ‘BLOCKDAG’ coin which has been issued by DAG SYSTEMS LTD., a company registered in the Seychelles. The public is hereby notified that the aforementioned company does not presently have any authorisation for the issuance, having failed to submit an application to register the coin offering.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representative prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details.

19^th March 2025

The Financial Services Authority (“FSA”), hereby informs the public that the International Corporate Services Licence and Foundation Services Licence of Alpha Consulting Limited and Alpha Fiduciary Services Ltd, respectively, having its registered address at Suite 1, Second Floor, Sound & Vision House, Rue de La Possession, P.O. Box 513, Victoria, Mahé, SEYCHELLES, has been revoked effective March 3^rd, 2025.

Pursuant to section 28(1) of the FSA Act, the public is hereby notified that the company Alpha Consulting Limited and Alpha Fiduciary Services Ltd no longer holds an International Corporate Services Licence (ICS056) and Foundation Services Licence (FS015).

All parties concerned kindly contact the FSA, until informed otherwise, in respect to records of specified entities that were under the administration of Alpha Consulting Limited and Alpha Fiduciary Services Ltd at the time of the revocation.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) to inform the general public that misleading information from the e-mail address contact@fsa-seychelles.com is in circulation purporting to be an official e-mail from the FSA.

The FSA strongly urges licensees, investors and members of the public to exercise extreme caution and recommends not to respond or access any e-mail addresses or hyperlinks contained within correspondences from the above-mentioned e-mail.

The FSA clarifies that the Authority will not be held responsible for any consequences should persons choose to engage or maintain client relationship, or utilise services emanating from contact@fsa-seychelles.com.

The Financial Services Authority

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees, and members of the general public to the website https://traderstarfx.com/">https://traderstarfx.com/. The Authority takes note that the website refers to a company named traderstarfx International Ltd claiming to be authorized and regulated by the Seychelles Financial Services Authority under license number SD049. Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed or regulated by the FSA in any capacity.  

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship or make use of services provided with or by the aforementioned website.  

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees, and members of the general public regarding the website https://www.worldinvest.org/#/.The Authority has observed that the website and the company named "Worldinvest Limited" portrayed on it are falsely claiming to be authorized and regulated by the Seychelles Financial Services Authority. Please be advised that the entity is not known, does not hold a valid license, nor is it regulated by the FSA in any capacity.

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website. 

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees, and members of the general public to the website https://monocomm.com/ .The Authority takes note that the website refers to a company named Monocom Markets Ltd claiming to be authorized and regulated by the Seychelles Financial Services Authority under license number SD049. Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed or regulated by the FSA in any capacity.  

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship or make use of services provided with or by the aforementioned website.   

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Securities Dealer Licence of  Kayser Limited and that of the Securities Dealer Representative Licence of Mr. Evros Evripidou have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective December 31st, 2024.

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees and members of the general public to the website https://atlascopytrade.com/">https://atlascopytrade.com/. The Authority takes note that the website refers to a company named Atlas Copy Trading claiming to be authorized and regulated by the Seychelles Financial Services Authority under license number SD018. Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity and the website is not linked to any entity licensed or regulated by the FSA in any capacity.  

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship, or make use of services provided with or by the aforementioned website.  

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to a fraudulent website https://financialfrontiersawards.org/regulated-entities/capital-markets is presently cloning the FSA website. The FSA wishes to advise that the website is not operated by the FSA and is not linked to the FSA in any capacity.

The FSA additionally refers to a specific content on the website, of which it has been noted that the website is presently displaying a list of entities and representative which according to this website is licensed by the FSA. Investors and members of the public are also advised that the FSA Seychelles publishes a list of licensed and regulated entities on its website which can be viewed as follows https://fsaseychelles.sc/.

Lastly, the FSA Seychelles urges investors and members of the public to undertake adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

Scam Alert – Fraudulent Website

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) to inform the public that  the following website is not associated with the FSA in any capacity. The details of the website are as follows;

https://fsaregulation.com/

The FSA  strongly urges investors and members of the public to exercise extreme caution in respect of these websites. The FSA further clarifies that the Authority will not be held responsible for any consequences should persons choose to engage or maintain client relationship, or utilise services provided with or by the aforementioned website.

The Financial Services Authority

16 December, 2024