Money Laundering

Easy Exchange takes money laundering prevention very seriously. We are committed to preventing money laundering and we comply with regulatory requirements set out by HM Revenue and Customs and we continue to work with the UK Money Transmitters Association (UKMTA) where Easy Exchange was one of the founding members.

It is important that you as a customer understand, that although these measures may seem onerous and maybe that other companies procedures seem less arduous on you, there is a lot less chance that your money will be frozen in ‘transit’ when we are audited by HMRC as we don’t cut any corners.

Preventative duties include:
• Identifying clients
• Monitoring and reporting suspicious transactions
• Maintaining records for at least five years
• Training staff to recognise suspicious transactions and be aware of their reporting obligations
Depending on the origins of clients Easy Exchange may report suspicious activity to regulatory authorities in one or more countries.

Easy Exchange collects identification from customers prior to Easy Exchange paying out the proceeds of a client's transfer. In general we collect identification in the form of a copy of a passport/drivers license and a signed bank statement showing your current residential address. These documents can only be posted to us. Faxes and scanned copies will not be accepted in accordance with regulations outlined by HMRC We may conduct additional security checks on clients at Easy Exchange's discretion.

Clients should assume all information provided to Easy Exchange is available to regulatory authorities in both the country of origin of the funds, and the destination country of the funds.

Easy Exchange will not accept payment by credit card or debit card. Easy Exchange does not accept cash. Easy Exchange will only pay into a bank account at the receiving end. It will not pay out cash under any circumstances.

Easy Exchange reserves the right to refuse to process a transfer at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity. Easy Exchange is prohibited from informing a client that they have been reported for suspicious activity.

Easy Exchange is obliged to report suspicious transactions, by misusing the service you may face criminal prosecution as we are bound to automatically report such behaviour to the authorities. Examples of misuse include, but are not limited to;
• Breaking a large transaction into smaller transactions to avoid reporting
• Providing false or misleading contact details
• Providing false identification documents

Easy Exchange Ltd, Company registration 3779438.
Money Service Business Registration Number 12141558