Part of the Hantec Group and in operation for over eleven years, Hantec Markets Australia has an Australian Financial Services License, which is authorized by the Australian Securities and Investments Commission (ASIC) to provide foreign exchange contract trading, precious bullion contracts, and indices for the local market.
Hantec Markets Australia offers four broad product verticals: Forex, commodities, indices, and cryptocurrency. Understanding the vulnerabilities of the industry, Hantec Group has been a strong advocate for foreign exchange regulation and greater investor protection. The group is comprised of companies that are overseen by some of the most reputable regulatory bodies from across the world.
They remain a “tier-1” forex firm that meets world class standards when it comes to stability and transparency. And as a global organization, they offer real time access to large global markets, such as Sydney, London, Hong Kong, Dubai, and Tokyo. They specialize in user friendliness and customer service, with flexible access on desktop and smartphone, research and education tools, and live chat and call-back services. For more information about Hantec Markets Australia, click here.
The foundations of FMA Vanuatu
Vanuatu has worked hard in recent years to restore the reputation of its financial industry. Just three years ago, Vanuatu was placed on the Financial Action Task Force’s (FATF) list of eight countries with “strategic deficiencies” regarding anti-money laundering and countering the financing of terrorism (AML&CTF), making it near impossible for international companies to compete on the world stage. Other countries on the list included Syria and Yemen. Hundreds of financial dealers were operating under licenses from the Vanuatu Financial Services Commission (VFSC) by that time, but international regulators had deemed the VSFC’s jurisdiction supervision too lax by global standards. Compounding the negative publicity were media reports of financial dealers defrauding their customers in other jurisdictions.
The country needed to act, starting with an overhaul of the financial industry’s regulations. Soon after the overhaul, FATF removed Vanuatu from the AML&CTF list in June 2018 following an on-site review. Since being removed from the FATF list, the number of licensees decreased to just over 100, but the quality of those licensees went up dramatically.
FMA Vanuatu – a non-profit organization – was launched to support the regulatory overhaul, and to help organizations – such as Hantec Markets Australia – that are operating in this space.
What does membership mean for Hantec Markets Australia?
As an FMA Vanuatu member, Hantec Markets Australia will have access to a range of benefits and services:
- They’ll receive timely and comprehensive information on industry regulations, standards and practices.
- They’ll have their compliance credentials listed publicly on the FMA Vanuatu website to help build trust.
- They’ll be represented before Vanuatu authorities, overseas regulators, and various international bodies.
- They’ll be kept in the loop about changes to legislation, approved insurance providers, and approved auditors.
- They’ll have a platform from which to participate in lobbying for necessary legislative changes and their voices heard.
Are you a Vanuatu FDL holder and want to join FMA Vanuatu as well? Right this way!