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Author Topic: Financial Action Task Force (FATF) amends global-AML policies so did Money Trade  (Read 1316 times)

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Financial Action Task Force (FATF), is an inter-governmental body whose aim is to maintain the standards and promote effective implementation of laws and measures which is to be taken correctly.

In a meeting held in Paris, about 35 countries have urged to take action against threats related to money laundering, terrorist financing, etc. held to regulate cryptocurrencies and countermeasures to tackle the use of cryptocurrencies for illicit activities. Many countries including India have agreed to the petition, seeing to that India had also created an interdisciplinary committee proposing new regulations related to digital currencies. The laws have been revised to protect the India cryptocurrency holders from the fraudster and scams.

India has been working on the regulatory framework since the financial budget of 2018 has arrived, as India is one of the major countries in Southern Asia. Seeing the frenzy trend of cryptocurrency among the people, the government have decided to regulate the cryptomarket and planning to stricken the Anti-money laundering (AML) policies. AML policy is meant to terminate all the illicit activities and all the other misuses of cryptocurrency. The possibility of fraud through cryptocurrency is because of the anonymity which it provides the users.

Money Trade Coin group is a pioneer of cryptocurrency market. It has introduced a vast segment of businesses trading, buying and holding of currency in India and longer for more opportunity to satisfy all the customers, keeping in mind the regulations and rules set by the Indian government.

 Money Trade Coin has acquired a 100% stake in Summit Wealth Management AG - A leading Swiss financial advisory firm. The acquisition will follow a recent uptick in the cryptocurrency market across the world. Based in Zug Switzerland, Summit Wealth Management AG offers a comprehensive set of personalized financial services in an assortment of wealth management areas, such as estate, tax, insurance and retirement planning through its team of experts, industry familiarity and innovative processes.

Association Romande Des Intermediaries Financiers (ARIF), a non- profit organization working to intercept activities on money laundering and terrorist financing.  Summit Wealth Management AG is an affiliated member of ARIF, hence Money Trade Coin can avail prominence into professional activities and promise conformity with understanding underAML and ARIF’s decree of self-regulation rules.


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