Compliance Policies

It is the policy of Currency Matters Limited to fully comply with all current legislation relating to the prevention, detection and reporting of money laundering offences. In the UK we are fully registered with HM Revenue & Customs as a Money Service Business and as an Authorised Payment Institution with the Financial Conduct Authority and comply with all aspects of the Money Laundering Regulations 2007, EU Payment Regulations 2007, Transfer of Funds (Information on the Payer) Regulations 2007 and the Payment Services Regulations 2009. In the UAE we are regulated by the Dubai Financial Services Authority (DFSA) and in the USA we are registered as a MSB under the Bank Secrecy Act with the Financial Crimes Enforcement Network (FinCEN).

The Company acknowledges it’s responsibilities to identify money laundering and terrorist financing risks and to implement and manage appropriate controls using a risk-based approach. We have a fully trained compliance team in place to manage our processes.

The Company is committed to the ongoing training and education of all members of staff in relation to the prevention of financial crime. The Company is further committed to making all staff aware of the law and their own obligations under it, including the timely reporting of suspicious activity through recognised internal channels.

In order to ensure our compliance with the law we will require clients to provide us with appropriate forms of identification which will be verified by independent means.

We are also registered with the Information Commissioners under the Data Protection Act 1998 and have in place a Data Protection Policy to ensure we fully comply with the 8 Data Protection Principles.