We are authorised by the Financial Services Authority under the Payment Services Regulations 2009, for the provision of payment services. Under the Money Laundering Regulations 2007, commercial foreign exchange companies are treated as "Money Service Businesses" which are covered by regulations administered by HM Revenue & Customs. Activities falling within the scope of the Money Service Business include the operations of bureau de change, transmission of money by any means and the cashing of third party cheques.
In addition we subscribe to the Non-Investment Products code created by the Bank of England which regulates companies involved in foreign exchange transactions such as spots and forward contracts.
Currencies Direct Ltd holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12132225.
Currencies Direct Ltd - Authorised and regulated by the Financial Services Authority (FRN No: 504360) for the provision of payment services.
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