Exchange4free are regulated as a Money Service Business (MSB) in various countries around the world and are thus required to comply with global anti-money laundering and terrorism financing regulations.
We are required to implement anti-money laundering policies and procedures in line with the specific requirements outlined within each country or jurisdiction in which we operate.
Exchange4free are required to adhere to all money transfer regulations governing our industry.
In the same way as banks, these regulations require us to perform 'Know Your Client' (KYC) checks on all our clients before allowing them to transfer money through Exchange4free.
We are thus required (at a minimum) to collect the following documents from clients:
Clear copy of Passport AND Proof of Address (no older than 3 months)
**These requirements may differ from country to country.