Global forex regulatory authorities

Rating C

CIMA Organization Introduction The Cayman Islands Monetary Authority （CIMA）was established as a body corporate under the Monetary Authority Law on 1 January 1997. CIMA is created from the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board and it takes over the former responsibilities, duties and activities of these two bodies which include the issue and redemption of Cayman Islands currency and the management of currency reserves; the regulation and supervision of financial services, the monitoring of compliance with money laundering regulations, the issuance of a regulatory handbook on policies and procedures and the issuance of rules and statements of principle and guidance; the provision of assistance to overseas regulatory authorities, including the execution of memoranda of understanding to assist with consolidated supervision and the provision of advice to the Government on monetary, regulatory and cooperative matters.

Rating C

FSC Organization Introduction The Financial Services Commission (FSC) is the regulatory body for non-bank financial services in Belize, particularly for those services provided by entities licensed or registered under the Financial Services Commission Act, Cap. 272 and the Securities Industry Act, 2021 (SIA). The Financial Services Commission (FSC) is a independent self-financing statutory body that provides service oriented, continuous, risk-based approach regulation, that is built on integrity, accountability, adaptability & reliability.

Rating C

FINTRAC Organization Introduction The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)，founded in 2000, is Canada’s financial intelligence unit (FIU)， with its headquater located in Ottawa. FINTRAC is established by, and operates within the ambit of, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations. The Centre is mainly responsible for the detection, prevention and deterrence of money laundering and the financing of terrorist activities financing and other threats to the security of Canada.

Rating C

SCMN Organization Introduction The SCMN is an independent regulatory body established by law to regulate and supervise the issuance of securities and their trading in accordance with the international rules and principles of the International Organization of Securities Commissions (IOSCO), that follow the legal framework of the European Union in this area (EU Acquis ) and the rules of the European Securities and Markets Authority (ESMA).

Rating C

FSC Organization Introduction The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.

Rating C

AOFA Organization Introduction Established in 2001, the Anjouan Offshore Finance Authority (AOFA) proudly serves as the primary regulatory authority for the Financial Sector in Anjouan, Comoros. With an unwavering commitment to maintaining the highest standards of integrity and transparency, AOFA diligently upholds its regulatory powers and mandate derived from the Comoros’s Constitution of 2001.

Rating C

FSA Organization Introduction The Financial Supervision Authority, which was launched on 1 January 2002, joined the functions of Eesti Pank's Banking Supervision Authority and the Ministry of Finance's Insurance Supervision Authority and Securities Inspectorate. It is a financial supervision and crisis resolution authority with autonomous responsibilities and budget that works on behalf of the state of Estonia and is independent in its decision-making.