Baydonhill FX plc has been incorporated under the Companies Act 1985 since 20th January 2000. Company Number: 03910588.
Baydonhill FX is an Authorised Payment Institution (API) with the Financial Condut Authority (FCA) under reference 535939. You can verify this via www.fca.org.uk
Baydonhill FX plc is registered as a Money Service Business with HM Customs & Revenue (HMRC) - MLR Number 12115318 Through this we comply with the requirements of the 1993, 2003 and 2007 Money Laundering Regulations and other legislation. You can verify this with HMRC by calling 0845 010 9000 together with our registered Postcode SW3 1HW.
We comply with the Data Protection Act 1998 and are registered with the Information Commissioner's Office.
As of 1 April 2007 Baydonhill FX plc introduced segregated accounts to hold Client Monies which provides extra security for clients.
Why we have Money Laundering Procedures
Regulations issued by the government mean that you must prove who you say you are if you want to hold an account with a financial company.
The UK is a leading international financial centre with a highly regarded reputation. This is why companies in the financial sector can become an attractive target to money launderers (criminals who try to conceal the origin of their funds so that they can turn it into legitimate money). Due to this, measures have been put in place by the government to make it more difficult for criminals to abuse the financial system.
At Baydonhill FX we use an electronic identity checking system (supplied by Experian) to identify all clients who register with us. Sometimes extra checks have to be made in order to proceed with opening a foreign exchange account and we may need to make a request for further identification. If you are asked to provide this then please do not think that we are suspicious of you in any way, this is simply a requirement that we must fulfill.
If you have any questions about this at all please feel free to contact a member of staff on 0207 594 0584 or email us at firstname.lastname@example.org.