The security of your funds while they are with us is our primary concern. CurrencyFair is fully regulated as a Payment Services provider and holds all client funds separately in a highly-rated, global (not Irish) financial institution, so you can rest easy knowing that your funds are always protected.
CurrencyFair Limited is regulated (fully authorised) by the Central Bank in Ireland under the European Communities (Payments Services) Regulations 2009. This regulation governs foreign exchange and money remittance. The Central Bank imposes minimum capital requirements and ensures the highest standards for internal policies and procedures, detection of financial crime and the protection of client funds. You can check the register here, and find out more information here.
CurrencyFair Australia Pty Ltd (ABN 94 147 506 410) is regulated by the Australian Securities and Investments Commission (“ASIC”), AFSL No. 402709. CurrencyFair Limited (ARBN 154 043 455) has been appointed as a Corporate Authorised Representative No. 419450 by CurrencyFair Australia Pty Ltd.
CurrencyFair holds all client funds in segregated client accounts held with our global banking provider. These accounts are separate from any CurrencyFair corporate accounts. Client funds are never commingled with those of CurrencyFair and we cannot use them to settle any of our own obligations.
CurrencyFair Anti-Money Laundering Policy
CurrencyFair complies with the Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) legislation. These legal requirements mean CurrencyFair will report any suspicious transactions or fraudulent use of identification documents. To do this we maintain very high standards that require us to:
CurrencyFair may require its clients to provide additional information or documentation to fulfil our legal obligations and where it deems appropriate refuse any client or transaction that is suspected of being related to financial crime.
CurrencyFair takes the safety of your personal details very seriously. We make it a top priority to provide system integrity and the confidentiality of your personal and transaction details. To allow data to be transmitted securely over the internet, the CurrencyFair Platform uses Secure Socket Layer (SSL), 128 bit encryption on required site pages (within the logged-in section). You can check that your connection is secure by looking for the https and the secure padlock symbol at the bottom right of your browser window, or in the address bar.
All data is held on secure servers hosted by Data Electronics (ISO 9001:2008 and ISO 27001 certified), that provide the highest levels of security 24/7, a managed firewall service as well as guaranteed power and connectivity.
When you register with CurrencyFair you will be asked to select a User Name, password and three security questions. We recommend a high level of password strength, including capitals, digits and symbols.
Additionally CurrencyFair will provide you with a 6 digit CurrencyFair PIN which you will be required to input for any functions that require us to confirm your identity, such as adding beneficiary accounts and transferring funds.
All relevant transactions are also reported directly to your registered email address.