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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.

 

 

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

201 The Annex
Ridgeside Office Park
Umhlanga +27 (0) 31 536 8843

United Kingdom

London

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

Croydon

5-7 Selsdon Road
South Croydon
CR2 6PU +44 (0) 20 7759 7581

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126).

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