XS.com, Financial Services and Fintech, said on Wednesday that a license was granted by the Financial Services Committee (FSC) in Mauritius, which represents another step in international regulatory expansion.
The new mandate provides multiple assets broker with a licensed entity in Mauritius, which enhances its ability to serve customers worldwide.
XS.com, which was founded in Australia in 2010, said this step confirms its commitment to compliance and high -quality service because it works to expand its global operations.
“We are excited to secure a new license from the Financial Services Committee (FSC) Mauritius, where we continue to grow and enhance our offers in the field of financial trading,” said Mohamed Ibrahim, CEO of the group at XS.com.
Ibrahim added that the new license “not only enhances our presence in the financial services industry, but also corresponds to our basic principles of giving priority to organizational compliance and providing exceptional service.”
FSC, which was established in 2001, is responsible for organizing and supervising non -banking financial services in Mauritius, including licensing, monitoring and protecting market safety.
The organizer Mauritius was placed as a competitive financial services center with ambitions to develop to a global financial center.
With the addition of Mauritius, Xs.com is now under organizational supervision in multiple judicial authorities, including Australia (ASIC), Cyprus (Cysec), Seychelles (FSA), Malaysia (LFSA), South Africa (FSCA), and Kuwait (MCI).
The group recently expanded in the Middle East, as it launched its brand in Kuwait with a new office in Kuwait.