CBT
Grade D
Central Bank of Turkmenistan · Turkmenistan · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Time to obtain
3-4Weeks
typical licensing process
TrustFinance grade
of A to D
Requirements to get licensed
Main requirements
- Articles of Association: The basic document outlining the company's structure and operations.
- Memorandum of Association: A document defining the company's objectives and powers.
- Comprehensive Business Plan: Detailing proposed operations, target market, financial projections, risk management strategies, and compliance procedures.
- Risk Management Plan: A well-defined plan outlining how risks will be managed within the company.
- Passport Copies: Photocopies of passport details of shareholders, directors, and key personnel.
- Proof of Residential Address: Documentation confirming the residential address of shareholders, directors, and key personnel.
- CVs of Directors: Demonstrating qualifications and experience in the forex industry for company directors.
- Criminal Record Proof: Evidence of no criminal record for shareholders, directors, and key personnel.
- AML/CFT Compliance Documentation: Detailing internal policies and procedures for anti-money laundering and counter-financing of terrorism measures.
About this regulator
The Central Bank of Turkmenistan is the nation's monetary authority, tasked with implementing monetary policy, issuing the national currency, managing foreign exchange reserves, and supervising financial institutions. Its goals include ensuring financial stability, supporting economic growth, and maintaining the stability of the national currency to facilitate the overall development of Turkmenistan's economy.
Companies holding this license
Companies on record, each linking to its verification page.