Seychelles FSA warns Lune over unauthorised website activity

The Seychelles Financial Services Authority said Lune International Holdings Ltd’s website lacks authorisation for virtual-asset services and securities business.

In a notice dated 06 August 2026, the FSA drew attention to lune.fi, which it said was allegedly operated by the company. Lune is registered as an International Business Company under the International Business Companies Act, 2016.

That registration does not permit the company to provide the services identified in the notice. The FSA said Lune does not, and has not had, authorisation under the Virtual Asset Service Providers Act, 2024 or the Securities Act, 2007, as amended.

The notice addresses two categories: virtual-asset services under the 2024 VASP Act and securities business under the amended 2007 Securities Act. It does not determine whether any underlying token is a security or make a general finding about Seychelles-based digital-asset firms.

At website level, the warning concerns Lune’s apparent or claimed services. The notice does not identify a particular protocol, exchange function, custody arrangement or token. Other firms cannot infer a specified protocol or custody control from the document.

The FSA urged investors and members of the public to conduct due diligence before dealing with an entity, service provider or representative. The warning covers transactions involving money transfers or the exchange of personal information.

The authority also said it would not be liable if people continued to maintain client relationships with Lune or used services provided through the website. Users and counterparties must therefore verify whether the business holds the relevant authorisations before proceeding.

Compliance and legal teams should check the entity’s authorisation status rather than rely on its incorporation record. Counterparty files involving Lune or lune.fi should record separately whether proposed activity involves virtual-asset services or securities business, then confirm the relevant authorisation with the FSA.

The notice provides no deadline, remediation timetable or formal order against Lune. It says the FSA is monitoring activity in the area and encourages the public to report entities they believe are conducting VASP or securities business. Enquiries can be sent to vass@fsaseychelles.sc or capitalmarkets.supervision@fsaseychelles.sc.

The affected population is users and counterparties engaging with the named website or company.

The operational consequence is an authorisation gap under two Seychelles statutes, effective from the FSA’s 06 August 2026 notice.