To comply with HM Customs and Excise Money Laundering regulations any client that wants to transfer currency overseas will be obliged complete a compliance form and provide a proof of ID and proof of address. The form also usually
contains terms and conditions. Compliance procedures will be fully expained by the relevant person but is usually as
Complete an application form
By doing so you are not obliged to use the services of the relevant currency provider. However nothing can be agreed until a form is completed and returned.
Proof of ID
Usually a Foreign Exchange company will require a proof of address, which could be a copy of a utility
bill (no older than 3 months) or a company letterhead (for corporate
It is also a requirement to provide a certified proof of photo ID. This can be a photocopy
of your passport signed by a third party to certify that it is a true
Once all paperwork is completed the transaction can take place. However check withe the Foreign Exchange compamy for precise requirements.