Euro Exchange Securities UK Ltd
Reference number: 902021
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Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
What the FCA says
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
Identity
Check their details
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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No website on the FCA register
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No phone number on the FCA register
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Verified address
c/o James Bennett and Duncan Perring both of Teneo Advisory, The Carter Building, 11 Pilgrim Street, London, EC4V 6RN, United Kingdom
Company details
From the company's Companies House record.
Concerns on the company record
- Companies House records this company in administration, but it is still authorised on the FCA register.
- This company has insolvency history on record.
- Company name
- EURO EXCHANGE SECURITIES UK LIMITED
- Company number
- 06409565
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 25 October 2007 (18 years old)
- Registered office
- 107 Great Portland Street, London, W1W 6QG, United Kingdom
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Luis Alberto Gasparini | Director | Sep 1956 | 6 Dec 2007 |
| Luis Alberto Gasparini Jr. | Director | Mar 1990 | 11 Jan 2021 |
| Sasha Ramjiawan | Director | Jan 1969 | 22 Apr 2025 |
Activities and protection
What the record covers, and how you are protected
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (7 permissions)
- a) Services enabling cash placement on a payment account
- b) Services enabling cash withdrawals from a payment account
- c) Execution of payment transactions (not covered by a credit line)
- d) Execution of payment transactions (covered by a credit line)
- e) Issuing payment instruments or acquiring payment transactions
- f) Money remittance
- h) Issuing Electronic Money
Limits on the record
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Restriction on business activities
1. The Firm must not, without the prior written consent of the Authority, carry out any electronic money services for which it is authorised by the Authority pursuant to Part 2 of the EMRs or conduct any payment services as defined under regulation 2(1) of the Payment Services Regulations 2017 (“the PSRs”). For the avoidance of doubt, this includes not onboarding any new customers and not accepting any new funds from existing customers.
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Assets requirement
2. The Firm must not return, transfer, or otherwise deal with any funds that have been received in exchange for electronic money that has been issued (“Relevant Funds” as defined in Regulation 20 of the EMRs) without the prior written consent of the Authority. 3. The Firm must appoint an independent and suitably qualified third party, to be agreed in advance with the Authority, to oversee the return of Relevant Funds to the Firm’s clients. 4. In respect of Requirement 2, a client may redeem their own funds upon their request to the Firm where the customer due diligence and, where applicable, enhanced due diligence on the client file has been remediated to the satisfaction of the independent third party (appointed in accordance with Requirement 3 above) so that the evidence contained in the client file is sufficient to enable the Firm to comply with its obligations under the relevant legislation, including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and the Proceeds of Crime Act 2002 in respect of the client. 5. The Firm must ensure that all Relevant Funds are appropriately ringfenced in a designated safeguarding account, in accordance with regulations 20, 21 and 22 of the EMRs. For avoidance of doubt, if this requires a transfer between accounts, this must only be done with the prior written consent of the Authority.
Track record
FCA actions and complaints
No FCA disciplinary action, and no complaints recorded with the Ombudsman.
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