This notice is issued by the Financial Services Authority ("FSA") pursuant to section 4(1)(m) of the Financial Services Authority Act, 2003 in relation to the entity operating under the name Coral Trust Services.
It has come to the attention of the FSA, through information available in the public domain, that Coral Trust Services, via its website https://www.coraltrustseychelles.com/, appears to be promoting licensable services under the International Corporate Services Act (“ICSP Act”) without holding such licenses.
The FSA hereby informs the public that Coral Trust Services does not hold any licenses issued by the FSA to undertake such type of activity in or from within Seychelles. The entity has never been granted any license under the ICSP Act, or any other regulatory legislation administered by the FSA.
Accordingly, the FSA strongly urges investors and members of the public to exercise caution when dealing with or considering any services offered by Coral Trust Services or its associated website.
FINANCIAL SERVICES AUTHORITY