Global Financial Services Authority (GLOFSA) is is a non-governmental regulatory organization that aims to provide financial services monitoring in an effective and efficient manner in order to promote a healthy financial environment, protect the public from financial loss and enhance Marshall Islands’ reputation as a quality financial center. Our Mission statement sets out our core purpose. Everything that we do at the GLOFSA is designed to support its delivery.
Our Vision is to be recognized as the model international financial services regulator. Our Vision provides the guidance and inspiration to our staff and is the driving force behind our work at the GLOFSA.
Our overall purpose is to regulate the financial services industry in Marshall Islands. Our aim is to protect consumers, enhance the reputation of Marshall Islands as a quality finance services center and promote healthy business.
Our approach to enforcement is underpinned by a desire to encourage and facilitate compliance with regulatory principles and requirements. We provide guidance and deal with perimeter issues whilst seeking to achieve appropriate outcomes via our enforcement actions. In doing so we will ensure that we deliver a credible deterrent in our enforcement activity.
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Please note that GLOFSA is an NGO (non-governmental organization). Hereby, GLOFSA do not possess statutory power and authority to enforce the decisions and resolutions.