SECURITY AND REGULATION
At Atlas Currency, safeguarding our clients’ funds is our utmost priority. We implement comprehensive measures to ensure the highest levels of protection when using our services. Our services are delivered through FCA-regulated partners, ensuring strict adherence to governance standards and regulatory compliance.
Safeguarding Funds
When funds are posted to your account, in line with regulatory requirements, the regulated payments and/or e-money institutions who we work with safeguard your funds. This means that the funds shown in your payment account or e-wallet are held at reputable banks or covered by an insurance policy, and most importantly, are protected for you in the event of our partner institutions’, or our, insolvency.
Our partners stop safeguarding your funds when the money has been paid out of your account to your beneficiary’s account. If you require a breakdown of the exact amounts of funds you have safeguarded at each of our e-money and/or payments partners at a particular point in time, please do not hesitate to contact us.
The FCA requires our counterparties to meet standards across three areas. Our counterparties exceed the three of these standards which cover:
- Capital Adequacy – Ebury’s levels of capital requirements are based on the level of activity. The FCA reviews our counterparties capital adequacy on an annual basis.
- Client Protection – Ebury’s client funds are held in segregated accounts, entirely separate from their own operating accounts, so client funds are always safe.
- Robust Internal Risk Management – Ebury has strict governance and operational processes in place to scrutinise the accuracy of each transaction. Compliance with Ebury’s governance and processes is regularly audited.
Atlas Currency is registered under reference 15835948