Although many foreign exchange firms in the UK are registered with the Financial Services Authority, it does not mean that your money is safe.
The bankruptcy of Crown Currency Exchange proves this fact. Many people who already had given lots of money to the company in order to get their foreign money a couple of days later, will not see their money back. It appears that the exchange company used their customers' money for other business activities.
Source: Guardian
The bankruptcy of Crown Currency Exchange proves this fact. Many people who already had given lots of money to the company in order to get their foreign money a couple of days later, will not see their money back. It appears that the exchange company used their customers' money for other business activities.
Source: Guardian
Joost Arnoudt
http://screencast.com/t/yt9567R8g9Aw
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