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Forex

Anti-money laundering statement

Money laundering is the process by which criminally obtained “dirty” money is exchanged for “clean” money, which then has no obvious links to its criminal origin.

In line with licensing requirements, Sable International views money laundering as a serious criminal offence and, as such, complies with regulatory requirements intended to forestall and prevent money laundering. These include:

  • Confirming the identity of our clients
  • Retaining transaction and identification records for a minimum of five years
  • Training staff in terms of anti-money laundering regulations
  • Appointing a nominated officer responsible for monitoring and reporting any and all suspicious activities to the relevant authorities

For security reasons, we do not accept cash at any of our offices or cash deposits into any of our accounts. For transactions to the value of approximately £10,000 or more, we require additional documentation than that required for your initial registration.

Please note: Sable International reserves the right to refuse a transaction at any time should suspicion arise that it may be connected to money laundering or any other criminal activity. In addition, Sable International will be obliged to report this suspicious activity to the relevant authorities and, in line with regulations, is prohibited from disclosing this to the client.

If you provide us with false identification or contact details, we will deem this a misuse of our service. We are legally bound to report such misdemeanors and as such you may be the subject of a criminal investigation.

Sable International will not do business with anyone suspected of or directly involved in money laundering, or where funds have been sourced by any illegal activity.

 

 

Contact our forex team

South Africa

Phone us: +27 (0) 21 657 2153

United Kingdom

South Africa

Regent Square
Doncaster Road
Kenilworth 7708
Cape Town
t: +27 (0) 21 657 2120

United Kingdom

Castlewood House
77/91 New Oxford Street
London
WC1A 1DG
t: +44 (0) 20 7759 7514

Australia

Suite 8.06
9 Yarra Street
South Yarra
Melbourne VIC 3141
t: +613 (0) 86 514 500

Hong Kong

Level 1102
The Lee Gardens
33 Hysan Avenue
Causeway Bay, Hong Kong
t: +852 3959 8681

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