Imperial Foreign Exchange is registered and regulated by the FCA and HM Revenue & Customs for MLR (Money Laundering Regulations) and as such we undertake CDD (Customer Due Diligence) and where appropriate EDD (Enhanced Due Diligence). This means we make sure that we do thorough checks on the people that we are doing business with as well as performing risk assessment for the businesses that we engage with. We use a RBA (Risk Based Approach) to monitor our customers’ activity and report all suspicious instances to NCA (National Crime Agency). We make sure that we meet all the requirements of MLR 2007, 2008 and 2009 at all times.
OUR MISSION
Our mission is to provide fast and safe transactions with our anti-money laundering compliance and advanced privacy features. Our services are designed to contribute positively to the economic needs of thousands of people around the world whatever their financial needs are.
Imperial FX help businesses and individuals transfer money anywhere in the world and in any volume – quickly, easily and inexpensively. Our professional and service-oriented approach is backed up by decades of industry experience and highly-trained staff, ready to help you.
In 2015, the brand BR Money was merged into Imperial FX, adding an expertise of several years within the Brazilian community in the UK. It has enabled us to expand our global services making competitive and fast money transfers available in new regions, under the highly trusted umbrella of Imperial FX.
Imperial Foreign Exchange operates in a regime where the aim is to ensure that all Anti-Money Laundering and Terrorist Financing procedures are enforced, such as the implementation of the Customer Due Diligence (CDD) and the Enhanced Customer Due Diligence (EDD) policies , which we understand as being an efficient method of preventing financial support for drugs ,human trafficking, terrorism, Money Laundering and any other illegal activity. Therefore, we will refuse to complete any transaction where the client refuses to provide a valid and acceptable from of ID or any other information required by regulatory bodies.
All clients must be checked using the following primary sources; the EU Sanctions List, the lists issued by Office of Foreign Assets Control (OFAC), and the Financial Actions Task Force (FATF) before commencement of any business transactions. Should the potential client’s name appear on any of these lists, the person is not authorised and the member of staff will report this to the Nominated Money Laundering Reporting Officer immediately.
Imperial Foreign Exchange employees will follow the aforementioned obligations as this is fundamental to their training in the company’s good business practices.
Clients and Stakeholders business protection.
Enhancement of the reputation of our business.
Representation of good business practice.
