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| BILEX Money Transfer is a licensed Money Service Business (MSB) with her Majesty's custom and Excise. Our MSB number is XZML00000159189.
BILEX Money Transfer establish and implement risk based policies, procedures, and processes to comply with the laws of the UK and those of the jurisdictions in which we operate, as well as, safeguard our operations from money laundering and terrorist financing. The United Kingdom law requires us to monitor any unusual or suspicious transactions of any size, taking place where we have reasons to believe the money is derived from illegal activity. It also requires us to keep full records of all transactions together with copies of identification provided. BILEX Money Transfer compliance strives to be considered a best in class global Anti-Money Laundering and Anti-terrorist Financing compliance department. We are committed to detecting and preventing money laundering and terrorist financing. Consequently, enhanced due diligence is performed on all agents before appointment. All remittances processed by BILEX Money Transfer are screened with enhanced controls to prevent money laundering and terrorist financing. It is our policy to follow both the letter and spirit of the law and regulations. Our policies and procedures comply with laws of the United Kingdom. BILEX Money Transfer allows you to transfer at your convenience. Our Minimum Transaction is set at £10 and Maximum Single Transaction Limits have been set at £5000. However, we may Transfer sums up to £10,000.00 provided a Copy of Customer Photo Identification and Proof of Address and Source of Funds have been received and placed on Customer's File. The following is our Compliance Summary: For All Transactions a Valid Form of Photo Identification will be Required. Valid Photo IDs in the United Kingdom are Passport, UK Driving License, EU National ID card. VALID PROOF OF RESIDENTIAL ADDRESS. BT TELEPHONE BILL, CURRENT UTILITIES BILL. BANK STATEMENTS. CREDIT CARD STATEMENTS within the last 3 Months SOURCE OF FUNDS. BANK STATEMENT. LOAN STATEMENT. SOURCE OF FUNDS DOCUMENTS TRANSACTIONS FROM £10.00 TILL £3,000 WILL REQUIRE A VALID PHOTO IDENTIFICATION TRANSACTIONS FROM £3,001 TILL £5000 WILL REQUIRE A VALID PHOTO IDENTIFICATION AND A CURRENT PROOF OF RESIDENTIAL ADDRESS dated within the Last 3 Months. TRANSACTIONS FROM £5001 OR BEYOND WILL REQUIRE A VALID PHOTO IDENTIFICATION, VALID PROOF OF ADDRESS dated within the Last 3 Months AND PROOF OF SOURCE OF FUNDS. VALID PHOTO IDENTIFICATION AND VALID PROOF OF ADDRESS within the last 3 Months, AND PROOF OF SOURCE OF FUNDS WILL ALSO BE REQUIRED FOR MULTIPLE TRANSACTIONS WHICH, WHEN COMBINED, WOULD EXCEEED THESE THRESHHOLD AMOUNTS IN A CALENDAR MONTH. BILEX Money recognises that, as a non-bank financial institution, we are at risk of being exploited by money launderers. We fully recognise that we have both civic responsibilities and legal obligations to do all we can to prevent the abuse of our services. BILEX Money has formulated effective policies in order to ensure safe, secure and transparent flow of business, not only for the company itself but also for our customers and country. The company's AML rules and procedure are based on the following key principles:
Reporting Procedures? There is a statutory obligation on all BILEX Money authorized agent and employees to report suspicious transactions to SOCA. Why am I asked a form of identification? You may find that you are asked to confirm your identity and other personal details. This is to safeguard the integrity of our system. All information about your identity is held confidentially. This does not mean in any way that suspicion is falling on you. When? You could be asked to confirm your identity when you are doing a transaction that is above £ 650. The identification may be in the form of a passport, driver's license, EEA National ID card, WRS ID card credit /debit card, bank /credit card statement and utility bill. No transaction will be processed where this information is withheld. Why? It is said that Money laundering feeds crime and terrorism. Both acts need cash. Criminals turn the dirty cash made from drug trafficking, smuggling, and robbery into clean money by using false identities or taking names of innocent people. Making sure that people are who they say they are is essential in the fight against crime and terrorism. Who is involved? HMR & Customs Government and all organisations involved in financial service are united in their determination to stop the spread of financial crime as part of the international effort to crack down on financial crime - protecting us all against crime and terrorism. BILEX Money Transfer is dedicated to providing support and ongoing guidance regarding anti money laundering and anti-terrorist financing. We reserve the right to refuse, suspend, delay, or cancel a transaction, which it may feel violates local and international laws. There is a statutory obligation on all BILEX Money transfer authorised agent and employees to report suspicious transactions to the authorising centre. If you have any comments, questions, or require guidance or support please contact us at: info@bilexmoney.com or call us on +44 (0) 207 635 44 22. All Suspicious Transaction should be reported to SOCA Contact numbers:
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