NAQSN

Is the NAQSN platform safe? This article exposes its false custodial financial management propaganda, mandatory KYC process, unlocking gold traps, and withdrawal issues. It also comprehensively analyzes its fraudulent logic and provides rights protection suggestions based on real complaint cases.

⚠️Conclusion : The naqsn.com website is currently inaccessible, and no registration record or license number appears in any regulatory database. Based on victim complaints, false "managed wealth management" sales pitch, mandatory KYC audits, and unlocking fees, NAQSN has been identified as a typical financial scam disguised as a wealth management platform, with an overall risk score of only 1/10 (very high risk) .

1. Basic Investigation: Company Information, Regulatory Number, and Service Qualifications

📉 No records related to "NAQSN" can be found in the databases of authoritative financial regulators, including the FCA, ASIC, CySEC, DFSA, and NFA. The platform has no corporate entity, no license number, and no verifiable office address or contact information, making it a "three-no" financial platform.

2. “Managed Financial Management” Scam: Disguised as a Professional Asset Management Company

NAQSN's most common promotional language focuses on keywords such as "managed investment," "wealth management," and "institutional strategy." Typical copywriting includes:

• 💼 “Custody assets are managed by top investment banks, with monthly returns of 8%-15%”

• 📈 "Institutional team management, controllable risks and stable returns"

• 🤝 “No operation required, automatic compounding of interest”

While seemingly offering "high-end financial services," they are essentially scams disguised as financial institutions . Any managed investment that promises "fixed returns" or "no risk" is considered a high-risk investment under regulatory scrutiny.

3. Fake KYC Process: From Identity Verification to “Secondary Fees”

When users register and try to withdraw money, they often encounter the following "process traps":

1. 📑Mandatory KYC : requires uploading sensitive information such as passport, ID card, bank statements, etc.

2. 💸Account frozen : After KYC, it will show "Compliance review in progress" and withdrawals will be blocked;

3. ⚠️Additional fees : requiring payment of "taxes", "verification fees", and "identity unlocking fees";

4. 🏃‍♂️Banned account : After payment, customer service lost contact and the account was closed.

📍 It is worth noting that the so-called "KYC failure" is not due to information problems, but an obstacle deliberately created by the platform to delay withdrawals and induce users to continue paying.

IV. “Fund Custody” is a Sham: No Custody Bank or Partner Institution Has Been Found

Formal wealth management platforms must cooperate with regulated custodian banks or settlement institutions to ensure the safety of customer funds.

• ❌ No custodian bank is disclosed;

• ❌ No fund segregation statement;

• ❌ No third-party audit report;

• ❌ No custodial account verification information.

This means that the so-called "managed financial management" is most likely just a marketing package , and customer funds are likely to flow directly into the private accounts of the fraud team.

5. Real complaint cases: From inducing deposits to complete loss of contact

• 📍 “I deposited $5,000 and was told I had to pay $1,200 in taxes before withdrawing.”

• 📍 “Customer service said my account was suspected of money laundering and required proof of residence and payment for unlocking.”

• 📍 “After payment, the backend balance was cleared and the account was permanently banned.”

• 📍 “They provided a so-called regulatory certificate, but there is no such company on the official regulatory website.”

These complaints show that NAQSN does not provide any real investment services, and its main profit method is to "harvest user funds through KYC barriers and unlocking fees."

VI. Risk Index Assessment (10-point system)

VII. Anti-fraud and rights protection suggestions

✅Verification before investment:

• Check whether the company name, regulatory number and domain name correspond to each other;

• Don’t believe the propaganda of “managed financial management” and “stable returns”;

• Only work with platforms that publicly disclose compliance documents.

✅Suggestions for users who have deposited funds:

• Keep all emails, chat records, and payment receipts;

• Immediately contact the bank/payment institution to apply for transaction freezing;

• Report unauthorized financial services to regulatory authorities;

• Report to the police and submit evidence of platform fraud.

Frequently Asked Questions (FAQ)

Q1: Is the KYC failure due to my identity problem?
❌ No. In most cases, this is a deliberate “compliance barrier” created by the platform to charge extra fees.

Q2: Is their custodian bank real?
❌ No escrow bank information, escrow claim is just part of the scam.

Q3: Can I withdraw funds after paying the unlocking fee?
⚠️ Almost impossible. The platform usually closes the account directly after payment.