Money Transfer Compliance
From the 1st November those of you working within the money transfer, cheque encashment or Bureaux de Change business will find that you now need to comply with key legislation and compliance guidelines such as the 3rd EU Money Laundering Directive and the HM Revenue & Customs guidance notes.
We have compiled a guide to the relevant legislation and industry guidance to highlight the key principles, available here.
Checks from 192business are:
- Simple yet effective - easy for staff to use, with instant results
- Automatically archived for auditing purposes
- Global - ID check international customers
We already help customers like Moneyshop to comply with Money Laundering regulations, as well as helping them to prevent fraud. Using our electronic verification including ID document checking, we were able to help them roll out ID checks easily to all 200 of their high street stores.
To read about why Moneyshop chose 192business, see our case study here for more information. You can also request a free trial of our solutions, and see for yourself how simple yet robust our checks are.
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