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MediFin
South Africa
01 Nov 2012 (12 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know MediFin
Company Information
Get to know MediFin
MediFin currently provides medical finance to individuals all over the country and is establishing new relationships with more and more practices on a daily basis. The majority of South Africans cannot afford to pay for any medical or dental procedure. Even those fortunate few that can afford full comprehensive medical aid, cannot claim from their medical aid funds for a large variety of procedures, which are excluded. MediFin´s sole purpose is to assist normal South Africans to proceed with their desired, if not critical, medical procedures sooner rather than later.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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