Another UK > US Money transfer option lost
Dec 2nd 2013, 1:00 pm
#1
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Thread Starter
Joined: Aug 2001
Location: Bletchley, UK
Posts: 216
Another UK > US Money transfer option lost
Just got this email from CurrencyFair.
This is an important message from the team at CurrencyFair.
Following our initial assessment of regulatory changes in the United States, including changes arising from the Dodd-Frank Act, CurrencyFair will temporarily withdraw services for US residents while we consider these requirements and how they impact our business model.
This was a difficult and very regretful decision but we are confident we will be able to resume services in the future. The exact date of re-activation has not yet been determined and may take some time. We appreciate your patience and will continue communicating our status and expected return.
CurrencyFair is committed to providing an excellent service, saving our customers money on every exchange while maintaining a strong compliance framework.
Damn. Another one bites the dust...
This is an important message from the team at CurrencyFair.
Following our initial assessment of regulatory changes in the United States, including changes arising from the Dodd-Frank Act, CurrencyFair will temporarily withdraw services for US residents while we consider these requirements and how they impact our business model.
This was a difficult and very regretful decision but we are confident we will be able to resume services in the future. The exact date of re-activation has not yet been determined and may take some time. We appreciate your patience and will continue communicating our status and expected return.
CurrencyFair is committed to providing an excellent service, saving our customers money on every exchange while maintaining a strong compliance framework.
Damn. Another one bites the dust...
Dec 2nd 2013, 1:25 pm
#2
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,439
Re: Another UK > US Money transfer option lost
Has the service to transfer money to/from the US been switched off, or is service just being declined to those that CF know are resident in the US?
Dec 2nd 2013, 1:45 pm
#3
Forum Regular
Thread Starter
Joined: Aug 2001
Location: Bletchley, UK
Posts: 216
Re: Another UK > US Money transfer option lost
The rest of the email says to let them know if you are no longer "resident" in the US as this only applies to US Residents.
