International Financial Auditing and Regulatory Advisory Council
IFARAC Safeguarding Financial Integrity
IFARAC is a non-governmental regulatory organization aiming to monitor financial services effectively and efficiently, promoting a healthy financial environment, protecting the public from financial loss, and enhancing world’s reputation as a quality financial center. Our mission statement outlines our core purpose. Everything we do at IFARAC is designed to support its achievement.
Daniel QUIENCY , CEO of IFARAC
FIND A LICENSED INSTUTION
File a Complaint
You have the right to complain if you are not happy about a financial product or service you buy from a firm authorized by IFARAC:
Without prejudice to your right of access to the judicial system, firms are required to have procedures in place to deal with your complaint. Some problems are straightforward and quick to solve. Others may be more complicated and, depending on the type of complaint, may take longer to evaluate.
Financial firms has been reviewed and licensed by IFARAC
IFARAC; Trustable and Fair
IFARAC, the financial regulatory institution, has audited and licensed over 750 firms to date, ensuring annual compliance checks for all issued licenses
IFARAC, as a leading financial regulatory body, has conducted comprehensive audits and licensing procedures for a wide range of financial institutions, totaling over 750 firms to date. Each licensing process involves rigorous assessments to ensure adherence to regulatory standards and best practices. Furthermore, IFARAC remains committed to upholding the integrity of the financial sector by conducting annual compliance checks for all licensed firms. These regular audits serve to verify continued compliance with regulatory requirements, mitigate risks, and maintain the highest standards of financial governance. Through these diligent efforts, IFARAC strives to foster a transparent and trustworthy financial environment, promoting investor confidence and safeguarding the interests of stakeholders
IFARAC Conducts Financial Audits on Companies
IFARAC meticulously examines financial records and practices of companies, ensuring adherence to regulatory standards and promoting financial transparency and accountability.
IFARAC Conducts Audits on Companies Regarding Customer Relations and Protection of Customer Rights
IFARAC ensures that companies under its scrutiny uphold fair and ethical practices in their interactions with customers, safeguarding customer rights, and prioritizing consumer protection measures to foster trust and confidence in the financial marketplace.
IFARAC Services
Financial Audits
IFARAC conducts meticulous financial audits of institutions
Licensing Process
IFARAC manages the licensing and regulatory process for firms.
Regulatory Standards
IFARAC is responsible for implementing and enforcing regulatory standards.
Customer Rights Protection
IFARAC strives to protect and uphold customer rights.
Trust and Transparency
IFARAC promotes trust and transparency in the financial market
IFARAC's Investigation and Enforcement of Customer Complaints
IFARAC thoroughly examines customer complaints and takes necessary actions, including issuing warnings, imposing fines, and even revoking licenses, based on the findings of the investigation. This robust enforcement mechanism ensures accountability and maintains the integrity of the financial sector, prioritizing consumer protection and upholding regulatory standards.
