Authorization

Arf receives Swiss regulatory approval

ZUG, Switzerland, Aug. 18, 2022 /PRNewswire/ -- Arf, the global settlement banking platform for licensed money service businesses, announces that it has been granted the approval of the Financial Services Standard Association (VQF) through Arf's entity in Zug, Switzerland.
Arf receives Swiss regulatory approval
Arf's VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgment of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.VQF is one of the world's oldest and most selective cross-industry Self-Regulatory Organizations (SRO) and is officially authorized by the Federal Financial Market Supervisory Authority (FINMA). It is recognized as Switzerland's financial services watchdog, supervising its members with regard to AML and CTF regulations.CEO Ali Erhat Nalbant said: "We are thrilled to have received the VQF license approving our strong place in the global finance ecosystem. As we are scaling our business globally, the support of Swiss regulators enables us to provide our Web3 cross-border treasury management and working capital credit lines to a wider range of MSBs in need. This way, we'll be elevating the ecosystem together more effectively."
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