SEPAGA is the trading style of Sepaga E.M.I. Ltd, an e-Money Institution licensed and regulated by the Central Bank of Cyprus (License No. 22.214.171.124/2018). The company’s CEO is Eleana Kontou (LinkedIn profile), and Maria Georgiou (LinkedIn profile) is its compliance officer and Money-laundering Reporting Officer (MLRO).
They claim to offer local and international corporate clients a range of financial solutions for managing funds and global payments.
One of the target markets of SEPAGA is the forex industry which is especially strong in Cyprus.
We have found SEPAGA as a broker scam facilitator in several vast broker scams and downgraded the EMI to “orange.”