Seychelles Financial Regulator Warns Against Banxso SYC

On Dec 20, 2023, the Financial Services Authority of Seychelles (Seychelles FSA) issued a scam alert to highlight that the website https://banxso.com/ and the brand name “Banxso SYC” are not associated with any entity that is licensed or regulated by the FSA.

The FSA reminds the public that it will not be held accountable if individuals choose to continue or maintain a client relationship or use services provided by the aforementioned website, which means the funds invested on the fraudulent platform is not protected by the laws and the regulator.

Thorough research and assessment are strongly encouraged by the Seychelles FSA to investors. 

Entities, service providers, and representatives need to be fully understood before engaging in business or conducting any transactions that involve the exchange of money or personal details.

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