Global provider of online trading and investment services, TMGM, is excited to announce its sponsorship of the Vanuatu Financial Services Commission (VFSC) Symposium on Virtual Assets.
This distinguished event will unite industry professionals and regulators to explore the latest developments in financial services and emphasize the significance of Virtual Assets. TMGM's participation in the symposium underscores its commitment to adhering to regulatory standards and ongoing endeavors to secure the Class D license.
The VFSC Class D License is a newly introduced license category that necessitates applicants to have already acquired A, B, and C licenses issued by the VFSC. Financial Dealers aspiring to attain this Class D license must meet stringent regulatory criteria, ensuring transparency, security, and equitable trading practices in Virtual Assets.
These licensing prerequisites establish a comprehensive framework that licensed entities must follow to maintain compliance and protect investors' interests. This framework aligns with global best practices, including requirements for anti-money laundering and countering the financing of terrorism (CTF) specified by the international standard, FATF.
The Class D license empowers companies to provide a broad spectrum of financial services, including online trading, to clients globally. It is renowned for its robust framework that guarantees investor protection, transparency, and adherence to global compliance standards.
In alignment with its commitment to upholding the highest standards of integrity and client security, the multi-regulated brokerage company is diligently working towards fulfilling the stringent criteria outlined by the VFSC for obtaining the Class D license.
The company is dedicated to implementing robust risk management procedures, harnessing advanced technological solutions, conducting ethical business operations, and sustaining financial stability while strictly complying with AML and know-your-customer (KYC) regulations.