Compliance

Our Services are Regulated and Monitored

The FCA regulates the financial services industry in the UK. They aim to protect consumers, ensure the industry remains stable and promote healthy competition between financial service providers. The FCA has rule-making, investigative and enforcement powers that can be utilised to protect and regulate the financial services industry. Such protection includes the FCA’s client money rule which mandates firms to segregate client funds they collect from clients. We are regulated by both FCA and HMRC under the Money Laundering Regulations. For additional information please visit the FCA website. 

Supreme Money Transfer is a licensed Money Service Business (MSB) regulated by the UK Financial Conduct Authority (FCA) with registration number 670919 and Her Majesty's Revenue and Custom (HRMC). The company establishes and implements risk based policies, procedures, and processes to comply with the laws of the UK and those of the European Union, as well as, safeguard our operations from money laundering and terrorist financing.

The Money Laundering Regulations require us to monitor any unusual or suspicious transactions of any size, taking place where we have reasons to believe the money is derived from illegal activity. We are also required to keep full records of all transactions together with copies of identification provided by all clients. Our compliance systems follow the required regulations to monitor all transactions in order to identify suspicious ones for reporting. We are committed to detecting and preventing money laundering and terrorist financing. Consequently, enhanced due diligence is performed on all agents before appointment. All remittances processed by Supreme Money Transfer are screened with current industrial technology to enhance controls and to prevent money laundering and terrorist financing.

It is our policy to follow both the letter and spirit of the law and regulations. Our policies and procedures comply with laws of the United Kingdom. We recognise that, as a payment service institution, we are at risk of being exploited by money launderers. We fully recognise that we have both civic responsibilities and legal obligations to do all we can to prevent the abuse of our services. Supreme Money has in place effective policies to ensure safe, secure and transparent flow of business, not only for the company itself but also for our customers and regulators.

FCA REGISTER Use our registration number to check if we are truly regulated by the FCA 670919 

The company's AML policy is based on the following key principles: Staff knowledge, awareness and training on regular basis. Customer identification (KYC Policy, know your customer). Keeping records of all transactions. Reporting of fraudulent and suspicious transactions to SOCA. Proper scrutiny of information given by customers. Our compliance department is dedicated to providing support and ongoing guidance regarding anti-money laundering and terrorist financing. If you have any comments, questions, or require guidance or support, please contact us at enquiries@suprememoney.co.uk or call 011 33200 607.

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