Company news to implement iSignthis Digital KYC for enhanced due diligence

• iSignthis executes agreement with leading global online currency trading platform, XM.COM
• iSignthis Digital KYC service to be made available to all customers from mid to late 2016
• iSignthis service provides enhanced due diligence per EC 4th AML Directive requirements, June 2016 CySec regulatory update and other FATF model jurisdictions

Cyprus, 7th July 2016 - iSignthis Ltd (ASX : ISX) is pleased to announce that it has entered into an agreement with one of the industry leaders in online Forex and CFD trading, XM.COM.

iSignthis will integrate with XM.COM to deliver its enhanced due diligence Digital KYC service. The iSignthis service will provide XM.COM with a user friendly, automated customer onboarding system, allowing to meet the stringent KYC requirements of CySec and the EU’s 4th AML Directive (“4AMLD”). The 4AMLD is set to come into effect in June 2017 within the EU.

The iSignthis service opens up the potential customer market for XM.COM to any of the worlds 3.5Bn financially included persons, with XM able to onboard customers who elect to pay by credit or debit card within minutes.

With over 500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm, and has become a true industry leader. XM is headquartered in Cyprus with global operations.

iSignthis Managing Director Mr. N J (John) Karantzis commented “We are delighted to reach agreement with XM.COM, enabling XM to take advantage of iSignthis’ world best practice online identity services. ”

The Company requests that the trading halt be lifted immediately.

Thursday, 07 Jul, 2016 / 3:59

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

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