In response to recent U.S. regulatory actions targeting cryptocurrency firms, including CLS Global, the company has clarified its stance and pledged full cooperation with authorities.
With investigations underway by the U.S. Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and the Federal Bureau of Investigation (FBI), CLS Global has taken steps to address the concerns raised and enhance its compliance framework.
CLS Global’s Commitment to a Strict Non-U.S. Market Policy
CLS Global emphasized that it has consistently maintained a strict policy of avoiding engagement with the U.S. market. According to the company, this policy extends to refraining from business interactions with U.S. citizens, entities, or clients.
“Our company has always aimed to maintain a policy that prohibits engagement with U.S. clients, entities, or users,” said CLS Global CEO Filipp Veselov.
He added that the company takes compliance obligations seriously and has worked to ensure its operations remain distinct from U.S. regulatory reach.
In addition, CLS Global stated that, while it stands by this non-U.S. policy, it remains open to identifying areas where compliance can be strengthened. The company expressed a commitment to constructive dialogue with regulatory authorities to ensure adherence to evolving industry standards and expectations.
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