ID Requirements

Below is a list of the exact requirements needed according to the amount being spent: Please note this is an accumulative amount so if you have changed with us before and are going to go over these amounts for the year (12 months of transactions) then you will also need to provide the following forms of identification.

 

A Passport or Driving Licence is required on first visit for all transactions made by DEBIT CARD (£3,500 max per day per card)

For Cash and Debit:

- £2,500 or more = Valid Passport or Valid Driving Licence,

- £5,000 or more = Valid Passport or Valid Driving Licence, Proof of Address dated
Within The Last Three Months

- £9,000 or more = Valid Passport or Valid Driving Licence, Proof of Address dated
Within The Last Three Months and Source of Funds.

500 Euro Notes being changed to Sterling Will Require ID and Source of Funds.
(Passport or Driving Licence and proof of where they were obtained)

HMRC No: 12429742

How it affects us::

As a Money Services Business (MSB), ACE-FX Ltd is registered with and regulated
by HM Customs & Excise under Money Laundering Regulations. Our staff are fully
conversant with Anti-Money Laundering guidelines and are aware of their
responsibilities in the monitoring and reporting of any actions that raise suspicion
or give cause for concern.

 

How it affects you:

Private Individuals
For large size transactions and or frequent transactions we will require *two forms
of identification, one of which must include a photo ID. Valid passports, driving
licenses and identity cards along with a recent utility bill, council tax bill, bank
statement or mortgage statement showing a home address (no more than three
months old) are common forms provided.

In addition to these requirements we may also ask for evidence of the source of funds
i.e. loans, property sales, equity sales or conformation by an accountant.