FASTREMS LIMITED

Reference number: 937575

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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.

Also trades as
  • Bari Money Transfer

Company details

From the company's Companies House record.

Company number
12626970
Company status
Active
Company type
Private limited company
Incorporated
27 May 2020 (6 years old)
Registered office
553 High Road, Wembley, HA0 2DW, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Bilal Sahak Director Mar 1998 5 Jul 2023

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.

    How safeguarding works →

Show FCA detail (1 permission)
  • 6. Money remittance.

Limits on what they may do

  • A written Undertaking from Fastrems Limited (FRN 937575)
    Fastrems Limited (FRN 937575) undertakes to: • pay all liabilities owed to relevant payment services users (PSUs) as soon as practicable; • refrain from providing payment services as defined in Schedule 1 to the Payment Services Regulations 2017 (PSRs); • refrain from on-boarding or registering any new payment service users from the date of this undertaking.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Names it no longer trades under

This firm has retired one trading name. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.

Show the retired name
  • Gul Money Transfer

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Common questions

Frequently asked questions

Is FASTREMS LIMITED FCA authorised?
Yes, FASTREMS LIMITED (FRN 937575) is registered with the FCA and permitted to provide its regulated services.
Is my money safe with FASTREMS?
Protection depends on which product you hold and how FASTREMS handles your money, so check the specific product before you commit. You can also refer complaints about FASTREMS to the Financial Ombudsman Service, free of charge.
Is FASTREMS a scam or clone?
FASTREMS is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is FASTREMS's Firm Reference Number (FRN)?
FASTREMS's FRN is 937575. You can verify it on the FCA register.