We are authorised by the Financial Conduct 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.
We are authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (FRN Number 504360) for the provision of payment services.
The FRN number does need to be there as that identifies our regulatory permissions and what our regulatory registration number is, which is why we have the same standard sentence on the footer of the website and also on all our email communications to external parties. Currencies Direct Ltd holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12132225.
You can find our Terms & Conditions here, or please feel free to get in touch if you have any questions.