Security and compliance is of paramount importance to The Currency Account. We adhere to strict and stringent regulations and have robust internal controls in place to safeguard client funds and minimise any risks to the business or client monies. All transactions are initiated using a secure payment system which ensures each payment is approved internally by multiple users and processed by our Tier 1 banking partners.
We don't speculate on the currency markets. Or invest your money overnight. When you enter into a transaction with us, we enter a matching, binding trade with our counterparty bank.
Keeping your money safe
The Currency Account is a trading name of Wirepayer Limited.
Regulations:Wirepayer Limited is authorised by the UK FCA under the Electronic Money Regulations and the Payment Services Regulations for the issuing of electronic money and the provision of payment services – FCA register number 900413.
Compliance:The group operate EMD & PSD compliant client trust accounts. These accounts are held with global Tier 1 banking partners. All Client money is held in segregated client 'safeguarding' accounts. It means all client funds are held separately from any company money or assets in order to comply with regulations. Client funds are always available, never moved, invested or loaned out and, as such, are not exposed to risk.
Audit:Wirepayer Limited is independently audited each year by 3rd party compliance specialists to ensure that all processes, procedures and controls are in line with FCA guidelines.
Data:Wirepayer Limited is registered as a data controller with the Information Commissioner's Office (Ref ZA082729). The ICO is the UK's independent authority set up to uphold information rights.
Trade association:Wirepayer Limited is a member of the Association of Foreign Exchange and Payment Companies (AFEP). AFEP is a well-respected association that acts as the voice of the industry and liaises with government departments and regulatory bodies on important legislative matters.