In response to a recent US Securities and Exchange Commission (SEC) investigation, CLS Global has come forward to address the scrutiny surrounding its operations.

CEO Filipp Veselov has responded directly, underscoring CLS Global’s commitment to regulatory compliance and outlining the proactive steps the company is taking to resolve any concerns with US authorities.

In a recent interview, Veselov shared the firm’s strategy to maintain transparency and cooperation while continuing its mission to provide secure and compliant crypto solutions worldwide.

Could you clarify CLS Global’s current position regarding the actions taken by US authorities against cryptocurrency companies, including yours?

“Our stance is clear. CLS Global has consistently maintained a policy that prohibits engagement with US clients, entities, or users.

We understand the importance of compliance and have structured our operations to remain outside of US markets and regulatory jurisdictions. This has been a guiding principle since our founding, and we are committed to upholding it.”

What initial actions has CLS Global taken to begin addressing this matter with US authorities?

“We are proactively addressing this matter. Our first step has been to reach out to US authorities directly to open a constructive dialogue. This engagement reflects our dedication to compliance and transparency and demonstrates our willingness to work collaboratively to resolve any misunderstandings.

Our goal is to clarify our position and address any concerns the SEC may have.”

Can you describe any specific measures CLS Global is taking to strengthen its compliance practices?

“Yes, we are actively enhancing our internal processes. For example, we are conducting a comprehensive review of all client agreements to ensure they clearly communicate our policies regarding US persons and entities.

Additionally, we are scrutinizing our operations on various cryptocurrency exchanges, focusing particularly on those with robust “Know Your Customer” (KYC) protocols. These measures aim to eliminate potential risks and enhance compliance across our operations.”

How is CLS Global engaging with stakeholders to maintain their confidence during this time?

“We want to express our gratitude for the patience and understanding of our clients, partners, and stakeholders as we work through this situation.

We are fully committed to maintaining open lines of communication and will continue providing updates as appropriate. Our stakeholders can trust that we are doing everything necessary to resolve this matter responsibly and with integrity.”

Looking forward, what steps will CLS Global implement to prevent similar situations from arising in the future?

“Our approach is to integrate compliance into every layer of our business. Beyond this immediate response, we are continuously evaluating our policies and operational practices to ensure alignment with global regulatory standards.

By focusing on proactive risk management and maintaining a culture of compliance, we aim to minimize potential regulatory challenges in the future.”

What message would you like to convey to your clients and partners during this time?

“I would like to reassure them that CLS Global remains dedicated to providing secure and compliant cryptocurrency solutions.

We are committed to fostering a trustworthy environment and will continue adapting our practices to maintain the highest compliance standards. Our goal is to sustain the confidence of our clients and partners by prioritizing transparency and regulatory alignment.”

As a key player in cryptocurrency markets, CLS Global delivers liquidity solutions while adhering to strict compliance measures. The company’s framework underscores its commitment to regulatory standards, serving clients worldwide.

The post CLS Global CEO Filipp Veselov Addresses SEC Investigation, Commits to Compliance appeared first on BeInCrypto.

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