Regulatory Information

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.

Data Protection

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.

You can visit the ICO website to learn more about data protection or search the ICO register to view details of Remitm’s registration (Registration Number: ZA526026)

Client Funds

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.

Online Security

Online security is given a very high priority. Our online payments and money transfer system uses the same technologies as online banking for security.

Your data is transmitted in a secure way and all password data is encrypted.

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