Gope Kundnani OffshoreAlert Tag Summary & Mentions

Gope Kundnani – founder of Alchemy Prime and Alchemy Group, FDCTech board member, offshore brokerage network, NSFX acquisition controversies, regulatory penalties, undisclosed connections, and detailed anti-money laundering and reputational risk evaluation.

Our updated 2026 investigation into Gope Kundnani reveals a vast and interconnected financial network spanning regulated London entities, offshore operations in the UAE, Seychelles, Vanuatu, and strategic U.S. fintech involvement through FDCTech. Familial ties with Niky Kundnani, persistent questions about transparency in major acquisitions, and multiple regulatory fines for AML deficiencies create a risk profile that requires serious attention from compliance teams and reputational risk managers.

We present this in-depth 2026 investigation into Gope Kundnani with complete commitment to accuracy and thoroughness. As the founder and controlling figure of the Alchemy Group and a director at FDCTech Inc., he plays a central role in the international brokerage and fintech sectors. Our report draws from public company records, regulatory filings, acquisition announcements, official penalty notices, adverse media reports, and open-source intelligence to provide a clear and balanced view. In an era of strict global compliance standards, heightened investor caution, and rapid regulatory enforcement, the details of Kundnani’s business activities deserve careful review by financial institutions, potential partners, regulators, and anyone assessing exposure to these networks.

Personal Profiles and Open-Source Intelligence

We start by gathering the core facts about Gope Shyamdas Kundnani from reliable public sources. He is an Indian national who has built a long career in finance. His main professional base is in the United Kingdom, where he maintains addresses in central London that serve as the headquarters for many of his companies.

Public records describe him as an experienced entrepreneur with deep knowledge of forex trading, institutional brokerage, payment processing, and financial technology. He has operated businesses across the United States, the Middle East, Europe, and several offshore jurisdictions. While detailed information about his early education or specific career milestones is not widely published, his professional history shows consistent focus on building and scaling financial services companies.

Kundnani keeps a very low personal profile online. He does not maintain active social media accounts or publish personal interviews. This level of privacy is typical for individuals working in high-value, cross-border finance. Because of this, most information about him comes from official company filings, regulatory disclosures, and business announcements rather than personal statements.

Global database searches confirm long-standing connections to both the UK and the UAE, where several Alchemy Group companies are active. Family relationships are clearly indicated through overlapping business roles with Niky Gope Kundnani, who is widely believed to be his son. The two individuals joined the FDCTech board at the same time and share control over multiple Alchemy entities, suggesting a close family collaboration in business.

Business Relations and Corporate Networks

We have carefully mapped Gope Kundnani’s extensive network of companies using official records from the UK, Europe, offshore jurisdictions, and the United States.

Key Companies and Directorships:

• Alchemy Prime Markets Ltd (London, regulated by the FCA) – Founder and primary director. The company provides institutional brokerage services, including multi-asset liquidity, execution services, white-label trading platforms, and back-office support for brokers, hedge funds, and asset managers.
• Alchemy Prime Holdings Ltd – Sole controlling shareholder and director. This entity serves as the main holding company for the Alchemy Group.
• Blackthorn Finance Ltd – Founder and director. Focused on authorized payment processing solutions designed specifically for financial institutions.
• APSI Holdings Ltd – Active directorship.
• SNM Hospitality Ltd – Governance role, showing some diversification outside pure finance.
• FDCTech Inc. (California-based, OTC-listed) – Director since September 2022. Provides strategic oversight to a fintech firm that develops risk management software, trading platforms, and connectivity tools for over-the-counter brokers.

Offshore and International Operations:

The Alchemy Group includes several entities in jurisdictions with lighter regulatory oversight:

• Alchemy Markets Ltd (Malta, regulated by the MFSA, formerly NSFX Ltd)
• Alchemy Markets DMCC (Dubai, UAE)
• Alchemy Global Limited (Seychelles)
• Prime Intermarket Group Asia Pacific Ltd (Vanuatu)

These companies offer brokerage services, securities dealing, and multi-asset trading solutions to clients worldwide. They provide operational flexibility but also attract attention because of reduced transparency requirements.

Kundnani’s influence has grown through a series of related-party acquisitions. In October 2023, FDCTech purchased Alchemy Markets DMCC, Alchemy Prime Ltd, and Alchemy Markets Ltd from entities he controls. In November 2025, FDCTech acquired Alchemy International Ltd (Seychelles) from companies linked to him. These transactions expanded FDCTech’s global reach but also highlighted the close ties between the two groups.

Shared office addresses, overlapping personnel, and coordinated management show a tightly integrated network that stretches from London to Malta, Dubai, and offshore holding companies.

Undisclosed Business Relationships and Associations

Several important connections in Kundnani’s network are not fully transparent in public documents.

The most significant example is the January 2023 acquisition by FDCTech of a 50.1% controlling stake in New Star Capital Trading Ltd (BVI), the parent company of NSFX Ltd (now Alchemy Markets Ltd). Official announcements focused on strategic growth and technology integration but did not mention that the remaining 49.9% stake remained with Alchemy Group entities under Kundnani’s control. At the time of the deal, he held director roles in both Alchemy companies and FDCTech, raising serious questions about related-party transactions, potential conflicts of interest, and whether all material information was properly disclosed under U.S. securities regulations.

Family ties with Niky Kundnani add further complexity. The two joined the FDCTech board in the same month and share multiple directorships within the Alchemy Group. While family-run businesses are common in finance, they require strong governance rules to ensure independent decision-making and full transparency.

Offshore holding companies in the British Virgin Islands, Seychelles, Vanuatu, and the United Arab Emirates create additional layers that make it difficult to trace ultimate beneficial ownership. These structures are legal and widely used in international finance, but they increase caution among compliance professionals.

Scam Reports, Red Flags, and Allegations

No criminal proceedings, major civil lawsuits, or international sanctions directly name Gope Kundnani. However, several issues have appeared in regulatory actions and media reports.

The NSFX acquisition has been criticized for failing to disclose the full ownership structure. Some industry commentators argue that this omission could violate SEC disclosure requirements for public companies.

Regulatory authorities have taken action against Alchemy-linked entities:

• Spain’s CNMV issued warnings against certain offshore Alchemy brands for accepting clients from the European Economic Area without proper authorization.
• Malta’s Financial Intelligence Analysis Unit (FIAU) imposed a €419,997 fine on Alchemy Markets Ltd (formerly NSFX Ltd) in 2023 for serious AML deficiencies. These included inadequate customer due diligence, weak transaction monitoring, and failures in outsourcing oversight.

Media reports have highlighted operational issues on some Alchemy-related websites, such as missing legal policies, broken links, and inconsistent branding. These problems suggest a lack of attention to detail in regulated environments.

Online discussions occasionally describe the NSFX deal as misleading because of the hidden ownership links. Older complaints from the mid-2010s mention withdrawal delays from affiliated brands, but these claims were never proven in court and appear limited in scope.

Some companies in the network, such as Blackthorn Finance, entered liquidation. These events appear to be part of normal corporate restructuring rather than signs of personal financial distress.

Detailed Risk Assessment: Anti-Money Laundering and Reputational Concerns

We identify several key AML risk factors:

1. Complex ownership structures across multiple jurisdictions, especially offshore locations with lower transparency standards.
2. Family control over interconnected companies, which can make it easier to use corporate vehicles as proxies or nominees.
3. Related-party transactions between FDCTech and Alchemy entities, often with limited public disclosure.
4. Historical regulatory penalties for AML weaknesses in group companies.

These factors typically trigger enhanced due diligence under FATF guidelines and major country regulations. This includes independent verification of beneficial owners, detailed source-of-funds checks, and continuous transaction monitoring.

Reputational risk is also significant. Ongoing media coverage of disclosure issues, regulatory fines, offshore operations, and perceived opacity can lead to:

• Hesitation from reputable banks, payment providers, and business partners
• Increased scrutiny during onboarding and KYC processes
• Potential placement on internal cautionary lists by compliance departments

We assess the risks as follows:

• AML Risk: Moderate to High – driven by jurisdictional complexity, family interconnections, and past regulatory actions.
• Reputational Risk: High – due to persistent negative narratives and compliance concerns.

Conclusion

In our expert opinion, Gope Kundnani has shown real skill and determination in building a global brokerage and fintech network. The growth of the Alchemy Group and the strategic acquisitions by FDCTech demonstrate strong business knowledge and ambition.

However, the combination of complex offshore structures, family control overlaps, incomplete disclosures in major deals, and regulatory penalties creates a risk profile that cannot be ignored in today’s strict compliance environment.

For anti-money laundering professionals, the mix of jurisdictions, family ties, and past deficiencies requires thorough forensic due diligence. For reputation risk managers, the continuing stories of opacity and regulatory scrutiny represent a substantial exposure.

Without meaningful improvements in transparency, ownership disclosure, and governance practices, the safest approach is one of heightened caution. Comprehensive due diligence and ongoing monitoring are not optional—they are necessary for any significant involvement.

Written by

Kaelen

Updated

1 day ago