Keeping your money safe
We take the security of your money seriously and have regulations that we adhere to.
Here’s some more information about how we work to keep your money safe.
We never play with your money. We don’t speculate on the currency markets. We don’t invest your money overnight. When you enter into a transaction with us, we enter into a matching irrevocable covering deal with a reputable bank treasury. It is this transaction that turns your sold currency into your bought currency and from which your outward payment is made.
Global Currency Exchange Network is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2009, FRN 504346.
The above details can be checked on the Financial Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN). We recommend that you check out any financial institutions in the same way.
As well as being regulated by the FCA, we hold £15m of insurance to cover Public Indemnity, Directors and Officers, fraud and Cyber Security.
We use various global tier 1 bank accounts for holding all client monies. Your money is kept in Segregated Client Accounts also called “Safeguarding” accounts.
We adhere to stringent regulatory and internal policies and procedures to minimise any risks to the business and our clients’ money.
Global Currency Exchange Network is a Money Services Business, regulated by HM Revenue & Customs (“HMRC) under the Anti Money Laundering Regulations 2007. Our number is 12137189.