TCIFSC
Grade D
Turks and Caicos Islands Financial Services Commission · Turks And Caicos Islands · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Time to obtain
1-3 Months
typical licensing process
TrustFinance grade
of A to D
Requirements to get licensed
Main requirements
- Preparation of company documentation like founders' passports, diplomas, and criminal record-free identification for shareholders and key personnel.
- Submission of a detailed business plan, risk control plan, and AML/CFT compliance materials.
- Providing professional references of senior staff in foreign exchange operations.
- Notarized documents such as copies of founders' passports, education diplomas, and criminal records for beneficiaries.
- Registration of a company with a manager residing in the jurisdiction, at least 2 directors, and 2 partners with appropriate education and experience.
About this regulator
The Turks and Caicos Islands Financial Services Commission is the regulatory authority responsible for overseeing the financial services industry in the Turks and Caicos Islands. Its main functions include ensuring the integrity and stability of the financial system, protecting consumers, and promoting compliance with international financial standards. The commission supervises a wide array of financial services including banking, insurance, and investment services to maintain public confidence and support the territory's economic development.
Companies holding this license
Companies on record, each linking to its verification page.