Regulatory Information

The Money Laundering Regulations 2003 dictate that commercial foreign exchange companies are treated as MSBs, formally known as “Money Service Businesses”. MSBs are covered by regulations administered by HM Revenue & Customs (the former “Inland Revenue and HM Customs & Excise”). For more information relating to HM Revenue & Customs or relating to Money Laundering Regulations, please refer to the HM Revenue & Customs’ web page on www.hmrc.gov.uk.