Surrendering of Securities Dealer Licence of Expert Execution Limited (SD068) and Securities Dealer Representative Licence of Mr. Mikhail Isaev (SDR082)

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 Expert Execution Limited and that of the Securities Dealer Representative Licence of Mr. Mikhail Isaev have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective November 2nd, 2022.

The Financial Services Authority

9th November, 2022

Alert: Unauthorized use of website (the “unlawful website”):

  • https://licittrader.com

 This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the aforementioned website and the fact that same does not relate to any entity licensed or regulated by the FSA in any capacity.

 Henceforth, the FSA Seychelles urges investors and members of the public to exercise extreme caution in respect to these websites and wishes to advise that Authority shall not be held liable should persons maintain client relationships, or use services purporting to be provided by the aforementioned website.

Revocation of Broker license in respect of Virtual Insurance Brokers (Pty) Limited

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) .The FSA would like to advise consumers that Virtual Insurance Brokers (Pty) Limited is no longer licensed by the FSA to conduct insurance broker business in and/or from within the Seychelles.

The FSA reminds members of the public that the Authority is not responsible should persons continue or maintain client relationships or utilise services provided with or by the aforementioned company. If consumers engage the services of any insurance brokers not licensed by the FSA, they are not protected under the Insurance Act and the regulations which govern entities licensed in the Seychelles.

The Financial Services Authority

Surrendering of Securities Dealer Licence of HF & Co. Ltd (SD022) and Securities Dealer Representative Licence of Mr. Burhan Capak (SDR032)

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 HF & Co. Ltd and that of the Securities Dealer Representative Licence of Mr. Burhan Capak have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective September 27th, 2022.

The Financial Services Authority

Alert: Unauthorized use of websites (the “unlawful website”: www.ztmfx.com

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the aforementioned websites and the fact that same does not relate to any entity licensed or regulated by the FSA in any capacity.

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of these websites and wishes to advise that Authority shall not bear responsibility should persons continue or maintain client relationships, or use services provided by the aforementioned websites.

Seychelles NRA Report on ML-TF Risk of VA and VASP

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Alert: Unauthorized use of websites (the “unlawful website”): https://globalswiftmarkets.com/

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the aforementioned websites and the fact that same does not relate to any entity licensed or regulated by the FSA in any capacity.

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of these websites and wishes to advise that Authority shall not bear responsibility should persons continue or maintain client relationships, or use services provided by the aforementioned websites.

Alert: Unauthorised provision of securities business through use of email ("the unlawful service providers"):

This notice is issued by the Financial Services Authority of Seychelles ("FSA") drawing attention to the email address compliance@gstaadbrokersitd.com and services@fxvc.finance. Please note that the service providers affiliated with the mentioned contact information are not linked to any entity licensed or regulated by the FSA in any capacity despite claiming otherwise.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise 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 to maintain client relationship, or uses services provided with or by the suspected fraudulent service providers.

Financial Services Authority

Unauthorized use of websites (the “unlawful website”) - https://fxprl.com/

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the aforementioned website and the fact that same does not relate to any entity licensed or regulated by the FSA in any capacity, as Pearl Capital Markets Ltd’s Securities Dealer License (SD011) has been revoked by the Authority since February 12th, 2018.

The FSA Seychelles hereby urges investors and members of the public to exercise due caution should they enter in a business relationship with the said entity. The Authority also advises members of the public that it shall not bear responsibility should persons continue or maintain client relationships, or use services provided by the aforementioned website.

Alert: Unauthorized use of websites (the “unlawful website”) making reference to SD037 regulated by the Financial Services Authority of Seychelles

https://livecapitol.net/

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the aforementioned websites and the fact that same does not relate to any entity licensed or regulated by the FSA in any capacity.

The FSA Seychelles urges investors and members of the public to exercise extreme caution in respect of these websites and wishes to advise that Authority shall not bear responsibility should persons continue or maintain client relationships, or use services provided by the aforementioned websites.

The Financial Services Authority

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