As part of these efforts, Exness has also acquired licenses from key regulatory bodies in Africa: South Africa’s Financial Sector Conduct Authority (FSCA) and Kenya’s Capital Markets Authority (CMA).

Source: https://www.africanews.it/english/exness-continues-africa-expansion-with-new-office-in-kenya/

In addition, the FSCA withdrew the licences of 420 (4%) financial service providers where approximately 380 (90%) were suspended for the same reasons.

Source: https://www.citizen.co.za/business/financial-services-watchdog-issues-r100-6-in-fines/

RaiseFX has recently acquired licenses from both the FSCA in South Africa and SVGFSA in Saint Vincent and the Grenadines.

Source: https://www.forexlive.com/Education/qa-with-raisefx-cryptocurrency-trading-international-expansion-regulatory-excellence-20231211/

The Financial Sector Conduct Authority (FSCA) has expanded the scope of its investigation of BHI Trust to include financial services providers who may have encouraged investors to invest in the Trust’s products.

Source: https://www.citizen.co.za/business/personal-finance/bhi-trust-fsca-expands-scope-of-investigation-to-financial-services-providers/

The telephone number listed on the FSCA database as the contact number for the firm’s compliance officer went unanswered.

Source: https://www.citizen.co.za/business/personal-finance/fsca-raises-alarm-over-immediate-matrix/