Anti Money Laundering Policies
I-Pay Worldwide takes money laundering prevention very seriously. We are committed to preventing money laundering and we comply with regulatory requirements set down by the Financial Services Authority and HM Revenue and Customs.
In order for us to comply with the regulatory requirements currently in place, we are obliged to be certain that we have adequately identified all customers who use our services. We then have obligations to monitor all transactions and report any suspicious transactions to the relevant authorities.
Prior to transacting any business, we need to collect basic information on each private customer, including name, address and date of birth. Similar information will also be required for corporate or charity customers.
Once the customer is registered, we then have obligations to monitor all transactions and report any suspicious transactions to the relevant authorities
I-Pay Worldwide is obliged to report suspicious transactions to the authorities.
Examples of suspicious transactions include, but are not limited to:
- Breaking a large transaction into smaller transactions without good reason
- Providing false or misleading contact details
- Providing false identification documents
I-Pay Worldwide reserves the right to refuse to process a transfer at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity.
I-Pay Worldwide is prohibited by law from informing a customer in situations where a report may have been made to the authorities about a particular transaction.
I-Pay Worldwide Ltd company registration number: 06869283. Money Service Business number: 12542044
Complaints Policy
- Help Us to Put Things Right
I-Pay Worldwide Ltd is committed to delivering an efficient and professional service. We aim to provide prompt, courteous, helpful, open and informative advice in response to every approach made by a member of public. We are always keen to hear the views of our customers, particularly the general public, about our performance generally – what we do right and what we do wrong.
We recognise that, like all organisations, from time to time things can go wrong, and we do not provide the Standards of Service that we have set ourselves. We are especially keen to hear about such instances since they provide us with an opportunity to put things right and to learn from our mistakes. That way, we can get it right next time.
- Types of Complaint Handled
Handling complaints quickly, fairly and helpfully is a key part of our approach to service delivery. Examples of complaints about a service provided by I-Pay Worldwide Ltd might include:
a) dissatisfaction with the way in which we respond to an enquiry, or the time that we took to respond;
b) a perceived injustice because of alleged maladministration on our part;
c) a denial of a request for information made under the Freedom of Information Act;
d) dissatisfaction with the way in which our assets are maintained;
e) dissatisfaction with the response to a request for our services to be provided in a different format.
Sometimes things go wrong and I-Pay Worldwide Ltd does not provide the quality of service expected. When this happens we will endeavour to:
a) ensure that making a complaint is as easy as possible
b) treat a complaint seriously whether it is made in writing by letter, via fax, email or by telephone
c) include in our response an apology where we have got things wrong, an explanation of the position, or information on any actions taken and learn from complaints use them to improve our service
d) learn from complaints use them to improve our service
- How to Make a Complaint
You can make a complaint in writing by letter, via fax, email or by telephone. If you are emailing, please let us know if a reply by email is acceptable and, if not, please provide a telephone number or full postal address.
Complaints should normally be directed to the member of staff with whom you have been dealing. This will give them the opportunity to explain what actions have been taken and to try to sort things out with you. If you would prefer, you can ask the member of staff for the name of their line manager and direct your complaint to them.
- What Happens Next
We will use our best endeavours to:
a) treat complaints thoroughly, fairly and politely, and investigate them sensitively
b) respond promptly. Our target for replying to complaints is 15 working days from the date of receipt. If it is not possible to give you a full reply within this time – for instance because detailed investigation is required – we will give you an interim response, telling you what is being done to deal with your complaint, and when you can expect the full reply and from whom.
Our first response to your complaint should resolve your problem; however, if you are unhappy with our reply, or need further help, you can write to us at the address below. We will consider the issues afresh, and try to resolve them.
Complaints Officer
145-157 St John Street
London EC1V 4PY
Email: complaints@i-payworldwide.co.uk
Telephone: 0845 459 4729
If, even after this stage, you remain dissatisfied with the response you may wish to contact the Financial Ombudsman Service (FOS) for further advice and guidance. This will not affect your legal rights.
Financial Ombudsman Service
South Quay Plaza 183 Marsh Wall
London E14 9SR
All complaints are recorded by I-Pay Worldwide Ltd and, if requested, we provide a summary of all complaints to the Financial Services Authority. These statistics are also used internally to improve our products and services.