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Regulatory Oversight
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. Customers are assured that GFX
consistently meets the strictest standards of financial
stability and proper handling of client funds. Furthermore,
client funds are maintained segregated from GFX's own assets,
thereby offering security of client funds.
GFX is supervised as a Financial Intermediary according to Swiss
regulation with regards to prevention of money laundering, and
is audited by KPMG.
Since the enforcement of the Federal
law on prevention of money laundering of the 1st of April 1998 (LBA), Swiss
regulatory authorities have
considerably tightened financial controls of banks and
financial intermediaries obliging the latter to be
affiliated with and supervised by an accredited
self-regulatory organization whose objective is to comply
with the due diligence obligations with respect to the prevention
of
money laundering. Being affiliated with
PolyReg
(a self-regulated organization accredited by the
Swiss Federal Dept of Finance),
GFX is indirectly supervised by the Federal Department of Finance in
Switzerland.
GFX's activities comply with Swiss
regulation applicable to Financial Intermediaries active in
the forex brokerage industry.
During the course of 2009 GFX plans on
becoming a Swiss Bank, thereby offering its valued clients
an even wider spectrum of financial products. |
