INFORMATION COLLECTION AND RESTRICTION UK law requires all financial institutions to assist in the prevention of money laundering activities and funding of terrorism by obtaining, verifying and recording information about customers. EuroXchange Ltd requires customers to provide us with original identification documentation to include a passport or driving licence or other form of government issued photographic identification and an original utility bill, banking or official document, being less than 3 months old.
We reserve the right to consult other recognised sources to obtain information about you. Your residential address and personal details will be verified to confirm your identity. All information provided by you will be treated securely and strictly in accordance with the Data Protection Act 1998. By agreeing to these Terms and Conditions you acknowledge and consent to EuroXchange Ltd Privacy Policy which can be found on our website. We reserve the right to provide information about you and your transaction to government authorities and law enforcement agencies if required by such government authorities and law enforcement agencies. The authorities prohibit us from accepting transactions with certain countries and individuals (the government authorities may from time to time may change their requirements) In most cases with carry out screening of all transactions against the lists of names provided by various governments. Where any “match” is identified, we are required to, and we will investigate the “match” to ensure compliance with current legal requirements.
Our inquiries may require us to obtain additional identification and or further relevant information, which may delay the transaction process. There may be occasions when certain threshold levels of transactions made by you are reached (the level of which may vary from time to time). If that happens, we shall require from you other additional information either about yourself, the beneficiary, the relationship between you both and the source of funds. Again, if this information is not supplied to us in
a satisfactory manner, we will be unable to provide you with our service and may terminate your account and contract with immediate effect.
We reserve the right at our discretion to refuse or limit the amount any transaction. Any such refusal or limitation may be imposed on individual accounts, linked accounts, or on beneficiaries at our sole discretion. We also reserve the right at any time, and from time to time, to modify or discontinue the service (or any part thereof) with or without prior notice.
CONFIDENTIALITY, PRIVACY & DATA PROTECTION: We keep information passed to us confidential and will not disclose it to third parties except as authorised by you or required by law. In certain circumstances the law requires us to disclose information relating to you. We may in some cases consult credit reference agencies in order to assess your creditworthiness. If you are an individual, we require
your consent before we do this. Your continuing instructions to us will constitute your consent to us carrying out such a search. Details of the credit agency we use are available on request. We have procedures designed to ensure that personal data is used only by appropriately authorised and trained personnel and to safeguard such information against accidental loss or unauthorised disclosure. We will keep that information strictly confidential unless otherwise required by law or Court Order.
THE GENERAL DATA PROTECTION REGULATION (GDPR) We promise to respect the data we hold on you. Your acceptance of these Terms and Conditions authorises us to keep your details on our database so that we can provide you with the services and for administration and accounting purposes, so that we can make credit searches and send you relevant information on our services and on events that may
interest you. All information that we hold concerning you as an individual will be held and processed by us strictly in accordance with the provisions of The General Data Protection Regulation (GDPR)
We will not, without your consent, supply your name and address to any third party except where:
- It’s necessary as part of the services that we undertake; or
- We are required to do so by law or our professional rules.
This text outlines the compliance and regulatory requirements of EuroXchange Ltd under UK law, particularly focusing on anti-money laundering (AML) and counter-terrorism financing measures. Here’s a summary of the key points:
- *Identification Verification*: To comply with legal requirements, EuroXchange Ltd must verify the identity of its customers by obtaining original identification documents (such as a passport, driving license, or other government issued photographic ID) and a recent utility bill or bank statement (within three months).
- *Data Privacy and Protection*: All customer information is handled in accordance with the Data Protection Act 1998 and the General Data Protection Regulation (GDPR). The company is committed to maintaining the confidentiality
If you are an individual, you have a right under The General Data Protection Regulation (GDPR) to obtain information from us, including a description of the data that we hold on you. Should you have any queries concerning this right, please contact 020 70189310 at our registered office. We may charge you for providing you with any such information. VAT will not be added to the charge
