Security and compliance are of paramount importance to GC Partners. We adhere to strict, stringent regulations and have robust internal controls in place to look after your funds and minimise any risks to the business or your money. All transactions are initiated using a secure payment system which ensures each payment is approved internally by multiple users and processed by our top Tier banking partners. We do not speculate on the currency markets or invest your money overnight.
When you enter a transaction with us, we enter a matching, binding trade with our bank. To comply with the UK Payment Services Regulations (PSRs), relevant funds will be held in segregated client ‘safeguarding’ accounts using our global Top Tier banking partners. Therefore, all relevant funds will be held separately from any company funds. If you want to find further information on our safeguarding obligations under the PSRs, please see the FCA’s Approach Document which is available below.
Payment Services and Electronic Money – Our Approach (fca.org.uk)
Global Currency Exchange Network Ltd trading as GC Partners is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of payment services (Firm Reference Number 504346).
Global Currency Exchange Network Ltd trading as GC Partners is an Authorised Payment Institution (API) that puts the security and protection of your money at the core of our business. As a money services business, we’re also regulated by HM Revenue & Customs (HMRC) under the Anti Money Laundering Regulations 2017. Registration number 12137189.
Global Currency Exchange Network Ltd T/A GC Partners undergoes rigorous, independent audits annually. A 3rd party compliance specialist is engaged to conduct a comprehensive review of our systems, processes, and controls, ensuring they align with FCA standards and regulatory expectations. This independent assessment of our systems and controls provides assurance that we meet the highest standards for financial security and compliance.
GC Partners has Professional Indemnity (PI), Directors and Officers, and Cyber insurance.
