As a Money Services Business (MSB), City Forex 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. (See Privacy & Data Protection)

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, as well as proof of reason for the transaction i.e. invoice, confirmations of purchases from estate agents, brokers or other agencies.


Business Clients
For large size transactions and or frequent transactions we may require all or any information as follows, which will be kept on records (See Privacy & Data Protection)

private individuals commercial clients open an account exchange rates resources about cityforex contact
Banknotes & Travellers Cheques
 Banknotes & Travellers Cheques     Terms & Conditions the company  
Worldwide Money Transfers
 Worldwide Money Transfers     Data Protection & Privacy    
Foreign Currency Drafts Foreign Currency Drafts     Anti-Money Laundering    
        Glossary of Terms    


Anti money laundering

Business activity and reasons for transactions
Expected frequency and volume of transactions
Origin and destination of funds
*ID verification of Directors, Partners or Sole Traders (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, bank statement or mortgage statement showing a home address (no more than three months old) are common forms provided)
If a limited company, the registered company number, corporate name, trading names, VAT registration, registered principal address and trading addresses
List of authorised persons allowed to give instructions on behalf of the company
If an MSB, a copy of a valid MLR certificate
Copies of annual reports and name and address of company auditors
Details of compliance procedures


Clients must comply with these requirements. The Company retains the right to refuse to accept a client instruction and is under no obligation to enter into a transaction should it choose not to do so.

*In cases where original documents cannot be provided on a ‘face-to-face basis’ we will accept copies of ID. However, in the case of Photo ID this must be certified as ‘Seen and providing a true likeness’ by a either a lawyer, accountant, post master, banker, teacher, doctor, minister of religion or someone of similar status who should sign the copy and supply their own name and address and contact details. Copies of certified documents should be posted. Fax