Safeguarding Disclosure

We safeguard customer’s Relevant Funds in accordance with the UK Payment Services Regulations 2017, the European Union (Payment Services) Regulations 2018, and the second EU Electronic Money Directive 2 (EMD2), also known as Directive 2009/110/EC, where they apply. Not all the jurisdictions where Currenxie operates requires or allows this. 

“Relevant Funds” are held in segregated accounts with authorised credit institutions to separate them from Currenxie’s own assets. In the event of insolvency, these funds are prioritised to meet customer claims before other creditors.

Our safeguarding arrangements include:

• Receipt and segregation of Relevant Funds in designated safeguarding accounts.

• Regular audits to ensure compliance with safeguarding requirements.

• Reporting on safeguarding arrangements to the relevant authorities.