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Swiss FOREX trading company
For setting up FOREX trading company you must choose Switzerland to be its official location because of Switzerland’s rank among the biggest financial centers in the world and for many reasons.
The largest banks in the world are located in Switzerland, where they have earned a reputation around the world for providing sophisticated and discreet banking services, Switzerland has the toughest and most stringent regulations imposed on financial institutions and financial intermediaries all over the world Switzerland recently introduced the strictest regulations and laws on the prevention of money laundering (LBA, MLA) in order to maintain the good reputation of the Swiss financial institutions.
Banks and financial companies withholding customers' funds are obliged to adhere to the regulatory standards of the Swiss financial authorities and must follow precise due diligence procedures and trading practices.
Since the 1st of April 1998 laws against money laundering (LBA) Swiss regulatory authorities have considerably tightened financial controls of banks and financial intermediaries obliging these institutions to be affiliated with and supervised by a recognized self-regulatory organization.
Swiss forex trading companies are regulated under ARIF (Association Romande Intermediaire Financier), a Swiss association that supervises and controls financial intermediaries. ARIF has been reinforcing Swiss anti-money laundering laws since 1999. Members of this organization are selected according to strict criteria and have to respect a codex of honor in conducting their business.
Swiss forex trading companies must be audited by ARIF approved auditor.
Swiss forex trading companies are regulated as a Financial Intermediary under Swiss Federal Law (LBA). With 35% of the world's private assets managed by financial institutions based in Switzerland, the country has a long established tradition as one of the world's largest financial centers and indeed the largest financial center in continental Europe.
Swiss forex trading companies are fully compliant with the aforementioned directives and are subject to Swiss law and all applicable financial regulations.
Swiss Forex trading companies will need bank license in order to continue their activities.
If you have more questions about Swiss Forex trading company please contact us.
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