Details

Newly incorporated UK registered FCA regulated Money Transfer Business for sale (appointed representative with own FCA registration, fully displayed as such on the FCA website).

The business has no limits on money transfers globally. It provides global unrestricted and unlimited money transfer services, client IBAN bank accounts and debit cards (card program set up available at cost). The Company comes current with all filings and other requirements in place and is ready to trade (subject to approval of new owner etc).

It specialises in substantial amount transfers globally on behalf of corporates at the very best FX rates available, in addition to servicing private individuals worldwide.

Delivered with:
- Multi Currency banking facility;
- Segregated multi currency accounts;
- FX liquidity in all major currencies;
- Trading platform featuring multi-level permissions, variable currency spreads, ability to overwrite spreads, manage beneficiaries, book trades, create payments, latest AML and security features etc;
- Automated payment, FX and client onboarding software;
- CRM portal for managing customer relationships, book trades, manage beneficiaries and merchants etc.;
- Own compliance software to include onboarding of personal and business customers, transaction monitoring, beneficiary screening, FCA reporting, capital resources, annual audits etc.;
- Branded client debit card program (subject to additional set up costs and business plan);
- Client IBAN account issuing service GBP, USD & EUR;
- Fully integrated and administered website with all functions automated;

The Company's FCA authorisation, Money Transfer Institution and FX license is granted by a long established UK Authorised Payment Institution. It is registered with the FCA and displayed on the FCA website accordingly as a Payment Services Business.

FCA operational and compliance manuals are included with the package. All compliance, FCA reporting & filing admin is also included via the license issuing institution. The operational cost for the Company, including compliance and FCA audits is £2,500 per month (plus VAT).

The Company can be operated from any UK location. It is a regulatory requirement the Company has physical offices and at least one UK resident director. If a buyer require we can arrange low cost central London offices and a qualified director.

A great low cost option and the perfect solution for a startup Money Transfer business that lacks FCA track record.

Price £35,000. Please note, this is a fully FCA regulated money transfer busines, including banking, client IBAN and FX facilities plus debit services (card program at extra set up cost), with no transaction limits globally.

• Debt free
• Brand new set up with specialized money transfer banking facility included
• Regulation & compliance provided
• Money transfer, FX, banking & full operational automated software platform included, packed with the latest security and operational features.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.