Prevention

By preventing money laundering, the movement of funds derived from criminal activities will be inhibited. This will in turn, restrict the availability of funds used for terrorist activities.

Foreign Exchange UK .com views Money Laundering as a serious criminal offence, and as such, complies with regulatory requirements intended to forestall and prevent money laundering.

This is why Foreign Exchange UK .com check to see if all our service providers include the following:

• Confirming the identity of our clients
• Retaining transaction and identification records for a minimum period of five years
• Training staff in terms of anti-money laundering regulations
• Appointing a nominated officer responsible for monitoring and reporting any and all suspicious activities to the relevant authorities

Also individual service providers have the following obligations.
Reserve the right to refuse a transaction at any time should suspicion arise that it may be connected to money laundering or any other criminal activity.

Money laundering Continued >>

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