OFFSHORE FINANCIAL OVERSIGHT COMMISSION
Transparent Oversight for a Resilient Economy
About OFOC
The Offshore Financial Oversight Comission is an agency responsible for regulating and overseeing the licensing of banks and other financial institutions within it's jurisdiction. OFOC ensures that all licensed institutions meet strict standards of financial stability, compliance, and consumer protection. Through its regulatory framework, the OFOC promotes a safe, sound, and competitive banking system that supports economic growth and safeguards the interests of the public.
Types of Our Activity
Bank Licensing and Chartering
The OFOC reviews and approves applications for new banking institutions, ensuring that applicants meet all legal, financial, and operational requirements. This process includes evaluating business plans, leadership qualifications, and capital adequacy to maintain a stable and trustworthy financial system.
Regulatory Supervision and Compliance
The OFOC conducts regular audits and examinations of licensed financial institutions to ensure compliance with federal banking laws and regulations. This includes monitoring financial practices, risk management, anti-money laundering measures, and consumer protection policies to uphold the integrity of the financial system.
Contact
- Afroditis 10, Nicosia 1060, Cyprus
- contact@ofoc.eu
- Mon-Fri - 10:00-17:00