It is our policy to take all reasonable steps to identify, prohibit and prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities.
Money laundering is the process by which money earned from illegal means is "washed" through legitimate systems and enterprises in order that it is cleaned and eventually returned to the criminal in the form of legitimate money.
Terrorist financing may not necessarily involve the proceeds of criminal conduct. Rather the aim is to conceal the origin and/or intended use of the funds for criminal purposes i.e. to fund terrorists or terrorist activity.
In accordance with the "Best Practice Guidelines for Financial Institutions" Currency Online Limited has strict policies and procedures in place to identify its Clients and to combat money laundering and terrorist financing. The procedures in place include:
Currency Online Limited reserves the right to request additional identification from any Client prior to paying out the proceeds of a Client's transaction.
Currency Online Limited reserves the right to refuse to process a Transaction at any stage, where it believes the purpose of the transactions is for illegitimate reasons or the funds have been sourced via criminal activities.
Currency Online Limited does not, at present accept payment by credit card or debit card.
Currency Online Limited does not, deal in cash. All transactions are under taken by electronic transfers.
Currency Online Limited strives to protect the nature of its business and to maintain a controlled safe environment for all its Client's transactions.