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CAYMAN FOREIGN EXCHANGE FINANCIAL LICENSE



Genesis Business Group today announced that it has obtained its gold foreign exchange business license by the Cayman Islands Monetary Authority (CIMA). CIMA has been in operation for nearly 20 years since its inception in 1999. As the major financial regulator in British Cayman Islands, it has reached bilateral and multilateral agreements and signed up MoU with the regulators in the United States, Canada, United Kingdom, and 27 European countries. It’s well recognised by most investment institutions and investors around the world for its precise regulatory approaches. This also shows the status and influence of CIMA in the international financial services industry.

 
CIMA has a strict anti-money laundering system, customer fund protection regulations and net assets regulations for its license holders. It also requires licensees to have a variety of comprehensive regulations, including strict corporate management, close monitoring, and suspicious transaction report analysis. The licenses are required to impose statutory title requirements on the client's account strictly to ensure the funds are deposited under the customer's name. In order to offer better safety protection on client funds, Gold Forex brokers are required to conduct periodical liquidation and reconciliation of client funds daily. The client's funds will be completely segregated and stored separately from the company's funds, and the clients have no worry about the misappropriation of funds.

 
The enforcing of new regulations of “Limiting CFD Trading Leverage” by European Securities and Markets Authority (ESMA), forex retail and CFD brokers no longer provide highly leveraged trading services to the customers in European Union (Including British, it has not officially left European Union, so the British FCA still has to comply with the ESMA regulatory framework). In this context, Gold Tinkle has an absolute advantage for its customers to fully utilise the trading leverage with its non-European Union regulatory license (CIMA). This would improve the efficiency of capital operation and have the opportunity to outperform in the market.

 
With Genesis Business Group’s excellent reputation under CIMA regulation, we provide strict and transparent regulation to guarantee the safety of funds. Investors can now invest confidently with Gold Tinkle’s foreign exchange platform. We believe our prior “fund security and compliance operation", in compliance with the regulatory policies, and a safe, comfortable trading environment to our investors would gain the final recognition and affirmation from our investors.

 



License reference link:https://www.cima.ky/search-entities
 
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