Compliance
The regulations state that money transfer businesses must keep (on file) original or certified proof of identification and physical address details for all clients. For all transactions over £1,000 or transactions equalling £1000 in a given year supporting documentation for the transfer must be supplied.
This documentation can include a purchase note, invoice or loan agreement. This documentation is held on file at our office. No transaction details are disclosed to any third party.
ID documents
As a result of recent laws ratified by the UK Parliament and which came into effect on 15th December 2007, our company is now obliged to take and verify customer ID from any client who uses our services more than once. We emphasise that this law applies without exception to all Money Transfer companies based in the UK. We therefore require that, if you wish to utilise our services more than once, you must forward to us identifying documents that clarify your identity and also your home address. Please send us a copy of your passport or driving licence together with a utility bill, bank or credit card statement (sent to you within the last 3 months) in order to confirm your address. These can be scanned, digitally photographed or photocopied. You must also ask a responsible person (not related) to sign the documents with the following statement; ‘this is a true copy of the original document’. They need to sign it along with name, address and an official stamp (if they have one). This can be done by your boss, the bank, the post office, a minister, a nurse or a Doctor etc etc. You should then re-scan them (with signatures) and post them to us at the given address. You have our complete assurance that the information contained in these documents will remain confidential in our files; the documents will not be disclosed to any third party, as laid out in the Data Protection Act, 1998, to which we subscribe.
Money laundering is a very serious International offence and customers should note that any suspicious transactions will be reported to the appropriate authorities without further reference. Therefore, we ask you to ensure that you comply and supply all the required documentation.
Afritrans Ltd is a registered Money Service Business and is registered with HM Revenue & Customes. MLR Registration Number: 12129080
Privacy Policy
Our privacy policy statement lays out the protection we offer to our valued customers on the disclosure of information we collect from them in the course of processing IMT’s.
We are required by law to collect copies of identification from our customers wishing to do an international money transfer. We are also required to keep records of all transactions conducted.
Subject to International Anti-Money Laundering regulation requirements, we will not disclose personal details to third parties unless specifically given permission to do so. In the process of completing money transfer transactions, information is only released to parties who are necessarily involved for the completion of the transfer.
We are aware of the sensitivity of financial transactions and confidentiality is key to our service. However, we are required by law to report on any suspicious transactions of any size where we may suspect that the money is sourced or acquired through illegal activities. This is in compliance with Money Laundering regulations in the United Kingdom.
Security
Security systems are in place to protect the integrity of our website and to protect the customer from unauthorized users gaining access or the ability to alter or delete information that customers input into our website.