Regulations & Authorization
Last updated
Last updated
Return Finance is authorized in the European Economic Area as a Virtual Asset Service Provider (VASP) under registration No. 306264593 by the (FCIS) of Lithuania. Once a company is verified as a VASP by a similar institution within the EU, it has the right to operate in all 27 member countries.
The FCIS enforces rigorous and mandatory monitoring for customer due diligence, alongside hiring the standard money laundering reporting officer, as part of the AML/CTF (Anti-Money Laundering/Combating the Financing of Terrorism) policies and procedures, all an important part of acquiring our VASP authorization.
We are also included in in Lithuania, on 28.04.2023.
As an authorized Visual Asset Service Provider (VASP) company, we can the following services:
Engage in virtual currency exchange, depository operations, as well as virtual currency wallet operator activities and other economic and commercial activities with the purpose of making profit.
Any activities related to virtual currencies, as follows:
The provision of depositories and wallets for virtual currency and assets to people and companies (natural and legal persons).
The management of virtual currency depositories and virtual wallets on behalf of clients
The exchange, purchase and sale of virtual currencies and virtual assets
The direct initial offering and distribution of virtual currencies issued by the company, including virtual tokens
The initial offering and distribution of virtual currencies, including tokens, issued by the company's clients, directly or through third parties.
Other activities related to virtual currencies and virtual assets.
Membership in the VQF SRO is a mark of prestige and compliance, encompassing a diverse range of financial intermediaries. These include providers from the parabanking sector such as payment transaction services, credit providers, investment companies, independent asset managers, and collective investment schemes, among others. As a member, Return Finance aligns itself with organizations committed to upholding Switzerland's stringent financial operational and business standards.
The VQF offers its members a comprehensive suite of services, including supervisory, inspection, audit, training, and advisory services. These are designed to ensure adherence to the highest standards of AML legislation and prevention of financing terrorism regulations, securing the operational integrity of its members. Through this membership, Return Finance is enabled to expand its services to Swiss customers and businesses.
Return Finance has also attained membership with the , under the membership number No. 101140. Based in Zug, the VQF, officially recognized and supervised by the , is Switzerland's leading self-regulatory organization (SRO) dedicated to combating money laundering and preventing the financing of terrorism within the financial sector.