TMGM has announced its sponsorship of the VFSC Symposium on Virtual Assets, showing its dedication to compliance and pursuing the necessary license.
Global online trading and investment services provider TMGM is delighted to announce its sponsorship of the Vanuatu Financial Services Commission (VFSC) Symposium on Virtual Assets.
The prestigious event will bring together industry professionals and regulators to explore the latest advancements in financial services and shed light on the significance of Virtual Assets. The company's participation in the symposium demonstrates its dedication to regulatory compliance and ongoing efforts to obtain the Class D license.
The VFSC Class D License is a newly established license category that requires applicants to have obtained A, B & C licenses granted by the VFSC. Financial Dealers seeking this Class D license must meet rigorous regulatory requirements, ensuring transparency, security, and fair-trading practices in Virtual Assets.
The licensing requirements establish a comprehensive framework that licensed entities must adhere to to maintain compliance and safeguard investors' interests. This framework aligns with global best practices, including anti-money laundering and countering the financing of terrorism (CTF) requirements set by the international standard, FATF.
The Class D license enables companies to offer a wide range of financial services, including online trading, to clients worldwide. It is renowned for its robust framework, ensuring investor protection, transparency, and adherence to global compliance standards.
In line with its commitment to upholding the highest standards of integrity and client security, The multi-regulated brokerage company is working towards fulfilling the stringent criteria set by the VFSC for the Class D license. The company is dedicated to implementing robust risk management practices, leveraging advanced technological solutions, conducting ethical business operations, and maintaining financial stability while strictly adhering to AML and know-your-customer (KYC) regulations.
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