ID Requirements

ANTI MONEY LAUNDERING

How it affects us:

As a Money Services Business (MSB), ACE-FX Ltd is registered with and regulated by HM Customs & Excise under Money Laundering Regulations. Our staff are fully conversant with Anti-Money Laundering guidelines and are aware of their responsibilities in the monitoring and reporting of any actions that raise suspicion or give cause for concern.

How it affects you:


Private Individuals
For large size transactions and or frequent transactions we will require *two forms of identification, one of which must include a photo ID. Valid passports, driving licenses and identity cards along with a recent utility bill, council tax bill, bank statement or mortgage statement showing a home address (no more than three months old) are common forms provided.

In addition to these requirements we may also ask for evidence of the source of funds i.e. loans, property sales, equity sales or conformation by an accountant.

 

 

Below is a list of the exact requirements needed according to the amount being spent:

-£5,000 or more = Valid Passport or Valid Driving Licence, Proof of Address Within The Last Three Months

-£9,000 or more = Valid Passport or Valid Driving Licence, Proof of Address Within The Last Three Months and Source of Funds.

(see above for details on specific requirements)

HMRC No: 12429742