The Seychelles Financial Services Authority (FSA) issued a scam alert warning investors, licensees, and the public about the website monocomm.com, which refers to a company named Monocom Markets Ltd claiming to be authorised and regulated by the FSA. The FSA stated that Monocom Markets Ltd is not known to the Authority, does not hold a valid FSA licence, and is not regulated by the FSA in any capacity. It also warned that the website is not linked to any entity licensed or regulated by the FSA and urged the public to conduct adequate research before engaging in business activities or transactions involving money exchanges or sharing personal details.
Seychelles Financial Services Authority 2025-01-29
Seychelles Financial Services Authority warns Monocom Markets Ltd is unlicensed and monocomm.com unlawfully claims FSA regulation
The Seychelles Financial Services Authority (FSA) issued a scam alert regarding the website monocomm.com, which falsely claims affiliation with Monocom Markets Ltd as an FSA-authorized entity. The FSA clarified that Monocom Markets Ltd is neither licensed nor regulated by the Authority and advised the public to exercise caution and conduct thorough research before engaging with the site.