Money Laundering Regulations
In the United Kingdom under the Money Launder Regulations 2017, commercial foreign exchange companies are treated as “Money Service Businesses”, which are covered by regulations administered by HM Revenue & Customs.
RemitM Limited holds a certificate of registration for Money Laundering Regulation (MLR).
Registration number: XHML00000105906
Payment Services Regulation
Under the Payment Services Regulations 2017, RemitM Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA); Registration No; FRN 584554, for the provision of payment services.
The FCA website provides detailed information about the regulatory environment in the United Kingdom and what it means for your protection and consumer rights.
RemitM is registered with the Information Commissioner’s Office (ICO), the UK’s independent authority set up to uphold information rights in the public interest.
All clients’ funds are held in a dedicated client account separate from RemitM’s funds, in line with our regulatory framework and consistent with good practice.
We earn no interest from holding client funds, as your payments and transfers are not held by us and are remitted to recipients upon receipt.
Your data is transmitted in a secure way and all password data is encrypted.