TORTOLA, BVI / ACCESSWIRE / April 16, 2024 / Recently, rumours have emerged suggesting that FortiCard is facing penalties from financial regulators due to non-compliance. In response, FortiCard has issued this statement to clarify the situation, dispel misunderstandings, and reaffirm our commitment to transparency and adherence to regulations.

The rumors originated from false allegations by competitors who claimed that FortiCard was attempting to monopolize the market by increasing company costs to raise customer yields for further expansion. This accusation drew the attention of regulatory authorities and triggered an investigation.

Investigation Process and Results

After a thorough investigation, the regulatory authorities found that all of FortiCard's business activities were entirely within legal and regulatory frameworks. Specifically, the Singapore Financial Regulatory Authority (SFRA) conducted a rigorous review of our business model, service standards, and customer feedback. The comprehensive assessment by SFRA confirmed that FortiCard, by optimizing capital and asset allocation and introducing new lending services, not only complied with all legal regulations but also played an exemplary role in promoting the healthy development of the financial services industry.

At FortiCard, every service introduction and policy adjustment prioritizes customer needs and safety. By incorporating the latest technologies, we continually enhance service efficiency and customer benefits. From risk management to personalized investment plans, our goal is to make financial investments more transparent, simple, and secure.

FortiCard's Commitment to Compliance:

FortiCard prides itself on its strict compliance framework. Regular audits and reviews are part of our operational structure, ensuring that every aspect of our service meets or exceeds regulatory standards. Our compliance team tirelessly keeps pace with the ever-changing regulatory environment to ensure our practices comply with local and international laws.

Strengthening Our Compliance Measures:

In response to recent rumors, FortiCard has decided to implement additional measures to further strengthen our compliance program. These improvements include enhanced training for employees, upgraded compliance technology, and more frequent internal reviews. This proactive approach demonstrates our commitment to maintaining the highest standards of compliance and integrity.

Compliance Education Initiatives:

Recognizing the importance of compliance in the financial sector, FortiCard is launching an education initiative for employees and customers. This initiative will focus on the importance of adhering to regulatory standards and the impact of non-compliance. Our aim is to foster a culture of transparency and compliance both within and outside the organization.

Ongoing Cooperation with Regulatory Authorities:

FortiCard maintains close contact with financial regulatory bodies to ensure all practices are fully transparent and compliant. Our open policy towards regulatory authorities has become a model of cooperation and trust between financial institutions and regulators.

Reaffirming Our Core Values:

At FortiCard, our core values revolve around integrity, transparency, and the pursuit of excellence. These principles guide every decision and action within the company, from the highest management to our customer service teams.

Looking Forward and Innovation:

Looking ahead, FortiCard is excited to introduce new financial products and services that continue to meet customer needs while ensuring full compliance with regulations. As we advance in the financial services field, innovation and compliance remain the cornerstones of our strategy.

FortiCard thanks our customers, partners, and stakeholders for their support and trust during this speculative period. We remain committed to maintaining our reputation as leaders in financial innovation and regulatory compliance. As always, our mission is to provide safe, reliable, and compliant financial solutions that support our customers and make a positive contribution to the financial industry.

About the company

FortiCard addresses recent rumors of regulatory sanctions, asserting compliance and transparency as core values. Following thorough investigations by regulatory authorities, FortiCard's practices are deemed fully compliant, and validated by the Singapore Financial Regulatory Authority. The company emphasizes customer-centric services, strict adherence to regulatory standards, and ongoing efforts to strengthen compliance measures. FortiCard launches education initiatives and maintains close cooperation with regulatory bodies, affirming its commitment to integrity and innovation in the financial industry.

CONTACT DETAILS

Company Name: FortiCard Limited
Contact Person Name: Alexander Jonathan Williams
Website: https://forti-card.com/
Email: admin@forti-card.com

SOURCE: FortiCard Limited