thewealthnet     About Us    |    FAQs    |    Contact Us
 
  Search
 
     
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Wed 15th Aug 2018  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
    
Swiss private bank launches crypto wealth management service
12/01/2018 , News Team

Falcon Private Bank  is offering clients “a compliant process for investing wealth generated from trading in cryptocurrencies”.

The bank said in a statement: “With immediate effect, existing and new private banking clients can place their wealth originating from crypto assets and converted into fiat currency with Falcon. The bank applies required due diligence using specific tools to analyse the transaction history on the blockchain to ensure full compliance with AML (anti-money laundering) and KYC (know your client) laws and regulations. Our auditor PricewaterhouseCoopers has reviewed the process."

Martin Keller, chief executive of Falcon, added that considering the latest developments of crypto assets, “the launch of this innovative new offering is timely.”

Falcon Private Bank is a Swiss private banking boutique headquartered in Zurich with locations in Abu Dhabi, Dubai, London and Luxembourg.

Share with Linkedin Share with Twitter
 RATE THIS ARTICLE
Poor   Average   Good   Excellent
thewealthnet archives contain 49,854 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.

 

© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

 
    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved