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Global Broker Regulation & Inquiry App
The Seychelles Financial Services Authority
Year 2013Regulated by Government
The Seychelles Financial Services Authority（FSA） is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. Established under the Financial Services Authority Act, 2013, FSA is responsible for permitting and regulating licenses, enforcing regulatory and compliance requirements, monitoring and supervizing the conduct of business in the non-bank financial services sector in Seychelles. The regulated activities include fiduciary services, capital market & collective investment schemes, insurance, gambling. FSA is also responsible for the registration of international business companies, foundations, limited partnership and international trust in Seychelles.
Disclose broker
Disclosure summary
- Disclosure matching Website matching
- Disclosure time 2024-07-01
- Reason for punishment 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://grandcapital.net. The Authority takes note that the website refers to a company named Grand Capital Ltd claiming that it is an international brokerage providing services for trading and investment in currency and derivatives, with its registered office at Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles and business address at No. 6, 1st Floor, Reliance Complex Building at Providence, Mahe, Seychelles.
Disclosure details
Scam Alert: Grand Capital Ltd - Fraudulent company (the “fraudulent company”) and Unauthorized use of website (the “unlawful websites”)
Regulatory Updates
Scam Alert: Grand Capital Ltd - Fraudulent company (the “fraudulent company”) and Unauthorized use of website (the “unlawful websites”)
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://grandcapital.net. The Authority takes note that the website refers to a company named Grand Capital Ltd claiming that it is an international brokerage providing services for trading and investment in currency and derivatives, with its registered office at Suite 102 Aarti Chambers, Mont Fleuri, Victoria, Mahe, Seychelles and business address at No. 6, 1st Floor, Reliance Complex Building at Providence, Mahe, Seychelles.
Please be advised that as per the Authority’s records, the Grand Capital Limited does not and at no point in time has been authorised in line with sections 46 (1) and (2) of the Securities Act, 2007 by the FSA to carry on business in Seychelles dealing in Securities in accordance with section 45(4) of the Securities Act, 2007.
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.
01 July 2024
Annex
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