AFM
Grade B
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Requirements to get licensed
Main requirements
- Detailed Business Plan: Submission of a detailed business plan outlining key operating assets, market strategies, financial estimates, and risk management measures.
- Risk Control Plan: Providing a detailed risk control plan as part of the application process.
- Compliance Materials: Submission of detailed Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance materials.
- Professional References: Providing professional references of senior staff to demonstrate their professionalism and experience in foreign exchange operations.
- Regulatory Compliance: Adhering to all regulatory requirements set by the AFM under the Ministry of Finance framework to promote transparency and market stability.
- Background Checks: Passing a criminal background check for shareholders, management, and key executives.
- Residence Documentation: Providing residence registration documents for shareholders, executives, and important team members.
- Articles of Incorporation: Submission of the company's articles of incorporation and founding materials.
About this regulator
The Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) jointly supervise financial institutions in the Caribbean Netherlands, which includes the islands of Bonaire, Sint Eustatius, and Saba. The AFM's supervision in this region is based on the Financial Markets (BES Islands) Act (Wet financiële markten BES - Wfm BES), which includes a number of additions and some tightening up of the regulations from earlier laws. This framework aims to ensure that financial markets operate in a fair, transparent, and honest manner, with a strong emphasis on preventing financial-ec...
Companies holding this license
2 companies on record. Each links to its verification page.
