Legal & Compliance
In order for Sterling Exchange to trade on your behalf, we must adhere to the regulations laid down by H.M Customs and Excise in the Money Laundering Regulations Act 1991/2003 and the Proceeds of Crime Act 2002.
The law states that we must adequately legitimise your identity as well as the source and destination of your funds and, should we not be satisfied inform the relevant authority. i.e. the National Criminal Investigation service (NICS). Sterling Exchange are also authorised by the FSA under the Payment Services Directive and Her Majesty's Customs & Excise as a money services business who monitor and regulate our accounts. We also strictly follow and adhere to the Bank of England guidelines in relation to all FX related activities.
In addition all counterparties used by Sterling Exchange are registered and regulated by the Financial services Authority.
Should you require any more information, please do not hesitate to contact our compliance department on the general number.
HMRC Ref: 12161465
FSA Ref: 536248