OFX authorised as a European e-money institution
23 December 2020 – OFX today announces that OFX Payments Ireland Limited (642716), trading as ‘OFX’ is regulated by the Central Bank of Ireland to operate as an Electronic Money Institution (EMI). This is a very important first step into OFX’s expansion into Europe.
Skander Malcolm, OFX Managing Director and CEO, said the authorisation granted is a continuation of OFX’s robust risk and compliance capability and strength of its team.
“This is a great outcome for our European business and testament to the strength of our teams in the UK and Ireland, as well as our risk and compliance culture. It also sends a strong signal of confidence to clients that we remain committed to growing in the region amidst high levels of uncertainty related to the changing regulatory landscape.”
OFX continues operating as UKForex Limited, trading as ‘OFX’, under an e-money licence from the UK regulator, the Financial Services Authority (FCA).
For all enquiries:
Matthew Gregorowski, Citadel-MAGNUS +61 422 534 755
Founded in 1998, OFX is an international money services provider based in Sydney with eight offices across the world and more than 400 staff. It offers money transfers and foreign exchange services for consumer and business clients across 55 different currencies. Through its ‘human + digital’ business model, OFX provides 24/7 localised client support to complement its global digital platform.
More information, including a downloadable Fact Sheet, is available at https://www.ofx.com/en-au/investors/.