For 4X, protecting our clients' assets and our own business is a top priority. That's why we take the most stringent precautions to make sure we comply with international security and legislation regarding terrorist financing, money laundering, banking and privacy. For more information, click on the relevant link below.

The Financial Services Authority (FSA)

The FSA regulates The Payment Services Regulations, which were implemented on 1 November 2009. 4X Currency Corporation PLC complies with The Payment Services Regulations transitional provisions.

Designated Client Accounts

For maximum security, all client funds are kept in designated accounts at ABN Amro Bank for the receipt and payment of transaction monies. 4X keeps its own operating accounts with Barclays Bank. All client payments have dual digital sign off. ABN Amro has intra-day reporting so that incoming payments can be seen in real time. Outgoing payments can be tracked and traced, also in real time.

Back to Top

Back-to-back Trading

4X does not hold stocks of foreign currency and never speculates with client funds. It always buys to order, so it has no currency exposure or risk and cannot be affected by currency movements. Every client trade is automatically backed with an identical deal with at least an AA- rated bank before the deal is confirmed to the client.

Back to Top

Terrorist Financing

4X complies with guidelines issued by the Office of Foreign Assets Control (OFAC) to ensure that monies are never paid into terrorist-operated accounts. It never pays to accounts in OFAC sanctioned countries, www.treas.gov/offices/enforcement/ofac and operates a strict due diligence check for other high-risk countries. Any suspicious transactions are immediately reported to the relevant authorities.

Back to Top

Anti-money Laundering

4X is registered and fully compliant with HM Revenue and Customs anti-money laundering policy and guidelines, www.hmrc.gov.uk registration number 12197726. This includes stringent personal and corporate ID checks for the safety and security of its own business and its clients' assets.

Back to Top

4X Dealer™ Security

4X Dealer™ is equipped with the most appropriate and stringent precautions to ensure complete security for transactions and bank details. It utilises bank and government style encryption techniques and methods to secure your transactions. It uses fully resilient Radianz lines www.btradianz.com for the highest guaranteed level of connectivity possible.

Back to Top

Data Protection

4X is registered under the Data Protection Act, registration number Z8882833. www.opsi.gov.uk/acts/acts1998/19980029.htm Click here to read 4X's Privacy Policy regarding Personal Information.

Back to Top

UKMTA

4X is a full member of the UK Money Transmitter's Association. www.ukmta.org 4X has been instrumental in advising H M Treasury on legislation regarding money transmission and anti-money laundering.

Back to Top