compliance

Wirepayer is fully regulated by the FCA

compliance and regulation

FCA

We're authorised by the FCA because we fully comply with their stringent client protection requirements. Registration no. 900413

Your funds are held in segregated client accounts, so your money is safeguarded – always kept separate from the company’s own funds.

Peace of Mind, We're Authorised 

Wirepayer is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 and the Payment Services Regulations for the issuing of electronic money and the provision of payment services with FCA register number 900413. Registered office address: 66 Prescot St, London E1 8NN. Registered in England No.07666629.

 

These regulations require us to comply with strict legal provisions about where and how client funds are held.

 

All client funds deposited with the company are held on trust in one of our client trust accounts where the company acts as the trustee. These accounts are kept completely separate from the company’s own capital to ensure funds are protected. Reconciliations of client assets are completed daily.

 

The company is committed to prioritising the protection of client funds across all of our relationships and we only facilitate our client’s trading with highly rated financial institutions and banks.

 

Wirepayer Limited operates compliant client trust accounts in accordance with the Electronic Money Directive and the Payment Services Directive. These accounts are held at Barclays Bank Plc in London and Germany.

All staff employ strict trading and settlement procedures that incorporate risk-based methodologies to detect, prevent and report suspicious illicit activity. The company verify the identity of every client and ensure records are maintained in accordance with prevailing legislation.

Credibility and Security

The company is not in the business of currency speculation. Wirepayer and client funds are kept insulated from each other at all times.

 

Electronic transfers are delivered by SWIFT, SEPA, Faster Payments and BACS, the same secure and reliable payment networks used by the banks.

 

The compliance department monitors suspicious transactions and reports/operates the guidelines set by the NCA (National Crime Agency).

 

​The company capitalises on superior business relationships through a network of international banks.

 
 

Registrations

Registered as a Private Limited Company in England and Wales, registration number 07666629.

 

Authorised Electronic Money Institution (pursuant to the Electronic Money Regulations 2011, SI 2011/99, as amended by the Payment Services Regulations 2017, SI 2017/752)) authorised and regulated by the United Kingdom’s Financial Conduct Authority (“FCA”) with registration number 900413 https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b00000209CLzAAM

 

A Principal Member of Mastercard Europe. As an approved card issuer, the company provide a BIN Sponsorship service where we will issue prepaid cards and manage the associated revenue streams across the Mastercard network. Mastercard is a registered trademark of Mastercard International Incorporated

 

A member of SWIFT, with BIC WIRPGB22. https://bank-code.net/swift-code/WIRPGB22XXX.html

 

Registered with the London Stock Exchange for the purposes of European Market Infrastructure Regulation (EMIR) reporting, LEI 213800JKAE2H7YH5SK11

 

Registered with the Information Commissioner’s Office (ICO), Data Protection Registration number ZA082729.

 

A member of the Association of Foreign Exchange and Payment Companies (AFEP). AFEP is a well-respected association that acts as the voice of the industry and liaises with government departments and regulatory bodies on important legislative matters.

 
Contact form

160 Fleet Street

London

EC4A 2DQ

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Wirepayer Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 and the Payment Services Regulations for the issuing of electronic money and the provision of payment services with FCA registrations number 900413.

Copyright © 2015-2020. All rights reserved. Wirepayer Limited. Registered in England and Wales: 07666629