Gope Kundnani Alchemy Prime Ltd Profile

Gope Kundnani 2026 Investigation: Alchemy Group Founder, FDCTech Role, Family Links, NSFX Deal Issues & AML/Reputational Risk Review

Detailed 2026 report on Gope Kundnani – founder of Alchemy Prime and Alchemy Group, FDCTech director, offshore entities, related-party transactions, regulatory fines, transparency concerns, and full AML/reputational risk assessment.

Our 2026 investigation into Gope Kundnani uncovers a wide network of brokerage and fintech companies across London, Malta, the UAE, Seychelles, and Vanuatu. Family ties with Niky Kundnani, questions about the NSFX acquisition, and multiple regulatory penalties create moderate-to-high risks for anti-money laundering compliance and reputation.

We present this detailed 2026 investigation into Gope Kundnani with full focus on facts and clarity. He is the founder of the Alchemy Group and a director at FDCTech Inc. Our report uses public records, company filings, regulatory notices, acquisition announcements, and media reports to give a clear picture. In today’s world of strict rules and careful investors, the details of Kundnani’s business activities deserve close attention from banks, partners, regulators, and anyone involved in finance.

Personal Profiles and Open-Source Intelligence

We start with the basic facts about Gope Shyamdas Kundnani. He is an Indian national who has worked in finance for many years. His main base is in the United Kingdom, with addresses in central London linked to his companies.

Public records show him as an experienced entrepreneur. He has built businesses in the United States, the Middle East, Europe, and several offshore locations. Details about his education or early jobs are not widely available. Still, his long career shows strong knowledge of brokerage, payment systems, liquidity services, and fintech tools.

Kundnani keeps a low profile online. He does not have a large social media presence or many personal interviews. This choice is common among people in international finance who value privacy. It means we rely mostly on company records and official filings to understand his work.

Searches across global databases confirm ties to the UK and the UAE. Family links appear through shared business roles with Niky Gope Kundnani, who is likely his son. Both joined the FDCTech board in the same month and share control over several Alchemy companies.

Business Relations and Corporate Networks

We have mapped Gope Kundnani’s companies using official records from the UK, Europe, offshore areas, and the United States.

Main Companies and Roles:

• Alchemy Prime Markets Ltd (London, FCA-regulated) – Founder and key director. Offers institutional brokerage, multi-asset liquidity, trading platforms, and support services for brokers and hedge funds.
• Alchemy Prime Holdings Ltd – Sole controlling shareholder and director. This holds many group companies.
• Blackthorn Finance Ltd – Founder and director. Focuses on payment processing for financial firms.
• APSI Holdings Ltd – Active director.
• SNM Hospitality Ltd – Director, showing some work outside finance.
• FDCTech Inc. (California, OTC-listed) – Director since September 2022. Helps guide a company that builds software for brokers, including risk tools and trading platforms.

Offshore and Global Entities:

The Alchemy Group includes companies in lighter-regulated places:

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

These firms offer brokerage and securities services worldwide. They give flexibility but draw attention because of lower transparency rules.

Kundnani’s reach grew through deals like FDCTech buying Alchemy Markets DMCC, Alchemy Prime Ltd, and Alchemy Markets Ltd in October 2023, plus Alchemy International Ltd in November 2025. All came from entities he controls.

Shared addresses and team members show tight coordination between London, Malta, Dubai, and offshore holdings.

Undisclosed Business Relationships and Associations

Many connections in Kundnani’s network are not fully clear in public documents.

The biggest example is the January 2023 deal where FDCTech bought 50.1% of New Star Capital Trading Ltd (BVI), parent of NSFX Ltd (now Alchemy Markets Ltd). Press releases talked about growth and technology benefits but did not mention the remaining 49.9% stake held by Alchemy Group companies under Kundnani’s control. He was a director in both Alchemy firms and FDCTech at the time. This raises questions about related-party deals, conflicts of interest, and full disclosure under U.S. rules.

Family ties with Niky Kundnani add more complexity. They joined the FDCTech board together and share roles in Alchemy companies. Family businesses are normal in finance, but they need strong rules to keep decisions fair and open.

Offshore companies in the BVI, Seychelles, Vanuatu, and UAE make it harder to see who really owns and controls them. This is legal but increases caution from compliance teams.

Scam Reports, Red Flags, and Allegations

No criminal cases, big lawsuits, or sanctions name Gope Kundnani directly. Still, several issues appear in reports and regulatory actions.

The NSFX deal has been criticized for not revealing the full ownership picture. Some say this could break SEC disclosure rules for public companies.

Regulators have acted against Alchemy-linked firms:

• Spain’s CNMV warned about offshore Alchemy brands taking EEA clients without proper licenses.
• Malta’s FIAU fined Alchemy Markets Ltd €419,997 in 2023 for weak AML controls, poor customer checks, and bad transaction monitoring.

Media reports point out problems on some Alchemy websites, like missing policies and broken links. These suggest sloppy management in regulated markets.

Online forums sometimes call the NSFX structure misleading. Complaints from years ago mention slow withdrawals from related brands, but no court cases or large fraud claims exist.

Some companies in the network, like Blackthorn Finance, went into liquidation. This looks like normal restructuring, not personal financial trouble.

Detailed Risk Assessment: Anti-Money Laundering and Reputational Concerns

We see several AML risk factors:

1. Complex ownership chains across many countries, especially offshore places with less transparency.
2. Family control over multiple companies, which can hide true owners.
3. Related-party deals between FDCTech and Alchemy firms, sometimes with limited public details.
4. Past fines for AML weaknesses in group companies.

These issues usually call for extra checks under FATF and major country rules. This includes full proof of ownership, source of funds, and close monitoring.

Reputational risk is also high. Stories about missing disclosures, fines, and offshore setups can make banks, partners, and investors careful. Even without proven wrongdoing, the perception of opacity can limit business options.

We rate the risks as:

• AML Risk: Moderate to High – due to complex structures, family links, and past fines.
• Reputational Risk: High – from ongoing media attention and compliance concerns.

Practical Steps for Risk Mitigation

Anyone thinking of working with Kundnani-linked companies should:

1. Get full, verified ownership charts for every entity.
2. Ask for clear details and approvals on related-party deals.
3. Order independent audits of AML and compliance systems.
4. Check for new regulatory actions or media reports regularly.
5. Watch sanctions and adverse media lists.

These steps take time and money but help avoid surprises.

Conclusion

In our expert view, Gope Kundnani has built a real and lasting business in brokerage and fintech. The Alchemy Group’s growth and FDCTech’s acquisitions show strong skills and ambition.

However, complex offshore setups, family control, incomplete deal disclosures, and regulatory fines create serious concerns. These matter a lot in today’s strict compliance world.

For AML teams, the mix of jurisdictions, family ties, and past issues means deep checks are needed. For reputation managers, the stories of opacity and fines pose real risks.

Without clear improvements in transparency, ownership disclosure, and governance, caution is the best approach. Full due diligence and constant monitoring are essential for any serious involvement.

Written by

Kaelen

Updated

1 day ago