Many banks are requiring independent foreign currency retailers to implement comprehensive anti-money laundering (AML) monitoring. This is expensive and beyond the means of many small and medium sized businesses who as a result are having to withdraw this service.
As a bank approved supplier of foreign currency we can appoint you as our Agent meaning you will still be able to provide foreign currency to your customers using our AML compliant product. CEL has been reviewed by HMRC and meets all the MSB AML regulations. We can offer you our foreign currency service using our fully supported systems and software providing you with all regulatory support to comply with AML requirements.
You'll continue to decide your own prices, set your own margins, have full control of your own stock and still use your own branding while taking advantage of our preferential rates and free software.
So if your bank has told you that you can't offer foreign currency anymore, contact us!
Order your currency from us (at a preferential rate).
Next day delivery with a secure carrier (order before 12 noon).
You set your customer facing rate.
Use CEL's easy to use software free of charge.
If you would like more information, or to apply to become an Agent with Cheque Exchange click the button below.