The FSA of St Vincent and the Grenadines is asking existing forex brokers registered with the jurisdiction to produce a certified copy of the forex licences where the entity operates. The details were disclosed to registered agents via a Notice: Requirements for Business Companies (BCs) and Limited Liability Companies (LLCs) engaging in Forex Business Activity”
The regulator mentioned in their statement that “Failure to adhere to these requirements will result in the application of sanctions against the companies in accordance with the Financial Services Authority Act”.
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