Arf receives Swiss regulatory approval


ZUG, Swiss, August 18, 2022 /PRNewswire/ — Arf, the global settlement banking platform for licensed money services businesses, announces that it has obtained Financial Services Standard Association (VQF) approval through the entity of Arf in Zug, Swiss.

Arf’s membership in VQF ensures its compliance with Swiss Anti-Money Laundering and Anti-Terrorist Financing (AML/CFT) laws, providing global regulatory recognition of its reliability and underscoring its position as a partner of empowering licensed Money Services Businesses (MSBs) worldwide.

VQF is one of the oldest and most selective cross-sector self-regulatory organizations (SROs) in the world and is officially authorized by the Swiss Financial Market Supervisory Authority (FINMA). He is recognized as Switzerland financial services observatory, supervising its members with regard to AML and CTF regulations.

CEO Ali Erhat Nalbant said: “We are delighted to have received the VQF license endorsing our stronghold in the global financial ecosystem. As we expand our business globally, the support of Swiss regulators enables us to provide our Web3 cross-border cash management and working capital lines of credit to a wider range of MSBs in need. This way, we will together improve the ecosystem more effectively.”

Rajpal KhangouraChief Compliance Officer, said: “As one of the oldest and most selective cross-industry SROs in the world, VQF’s approval confirms our commitment to using blockchain technology and digital assets in full compliance with the requirements. regulations around the world. We are honored to become a member.”

With the regulatory stamp of approval of SwissArf will continue to develop its products and solutions in accordance with its position as a trusted partner of MSBs and approved financial institutions.

Arf recently launched Arf line of credit provide MSBs with instant access to transactional working capital lines of credit, allowing any corridor to be post-funded in real time. By leveraging stablecoins and enabling instant settlements across multiple channels, including bank accounts, e-wallets, and cash pickup locations, the company enables MSBs to create cross-border financial transactions and cash management based on APIs. Arf was also on Sifted’s “13 European Web3 Startups to Watch” list this year, which drew on ideas from investors across Europe.

About Arf

Arf is a global settlement banking platform, providing real-time fiat-to-fiat cross-border settlements, stablecoin-based lines of credit and global cash management for financial institutions and money services businesses (MSBs) ) approved.

Photo – https://mma.prnewswire.com/media/1880873/Arf.jpg

SOURCEArf

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