At TransGlobal we appreciate that caution, safety and security need to be an integrated
part of every financial transaction. Robust and dependable systems exist to ensure
that your funds arrive on time, every time. Our promise is to treat your money as
carefully as we treat our own.
Regulation
As a foreign currency exchange provider, TransGlobal is categorized under 'bureau
de change'. This area is strictly policed by Her Majestys Revenues and Customs.
In turn we are registered as a Money Services Business and subject to periodic inspection
and UK Money Laundering Regulations.
Counterparties
We undertake foreign currency transactions with a number of Financial Institutions
and treasuries, in order to obtain competitive market rates. However it is essential
that these third party agencies and companies also offer financial security. We
are pleased to report that all of our partners are subject to FSA (Financial Services
Authority) licensing and regulation and have the history and credibility, to provide
peace of mind.
Client Accounts
TransGlobal operates 'Client Accounts' for all traded currencies, held with our
financial partners. As such your funds will be held exclusively in these accounts
and are identifiable at any given time. These accounts are totally separate to the
'Operating Accounts' TransGlobal has in place with our financial institutions.
Transfer of Funds
We ensure that every customer payment made is by CHAPS Priority Payment. This electronic
'same day' wire transfer ensures fast and secure delivery to anywhere in the world.
This method also provides a transfer reference number, which enables us to track
the payment process on your behalf.