browse

 

West Realm Shires Services Inc. ("FTX US") is generally regulated on both the Federal and State level and the primary regulatory compliance obligations are within the United States. FTX US is required to comply with many financial services and consumer protection laws. On the Federal level, the primary concern is anti-money laundering controls, and proper implementation of FTX US's policies and procedures to deter such activity. FTX US is registered as a Money Services Business with FinCEN - MSB Registration Number: 31000195443783. As an MSB, FTX US is compliant with the requirements of the Bank Secrecy Act (BSA). On the State level, the primary issues arise around consumer protection and money transmission laws. FTX US is currently applying to obtain money transmitter licenses from multiple States within the United States. FTX US maintains a policy of attempting to broadly disclose to consumers all applicable risks of the service.
 
FTX US monitors both Federal and State level developments with its outside legal counsel, Fenwick & West LLP. FTX US has worked closely with Fenwick & West LLP on the development of its BSA program, as well as documentation and compliance assessments.
 

Comments

0 comments

Article is closed for comments.

Was this article helpful?

2 out of 3 found this helpful
Powered by Zendesk