Speed Remit Worldwide Limited
Reference number: 585100
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Authorised by the FCA
This firm is on the FCA register and authorised to carry out regulated activities.
Same company
This company holds another FCA record
A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.
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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Verified website
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Verified phone number
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Verified address
A M C House, 12 Cumberland Avenue, London, Brent, NW10 7QL, United Kingdom
- Speed Remit
Company details
From the company's Companies House record.
- Company number
- 04168763
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 27 February 2001 (25 years old)
- Registered office
- 309 Hoe Street, Walthamstow, London, E17 9BG, England
- Nature of business
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- Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Mohammad Salman Iqbal | Director | Oct 1974 | 27 Feb 2001 |
| Muhammad Yaqoob Iqbal | Director | Sep 1979 | 3 Dec 2015 |
Activities and protection
What they can do, and how you are protected
- Handle payments & transfers Funds safeguardedYour money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
Show FCA detail (1 permission)
- 6. Money remittance.
Limits on what they may do
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Restrictions placed on payment services
With immediate effect, Speed Remit Worldwide Limited undertakes to: a) Return all relevant funds to customers as soon as practicable; b) Provide the Financial Conduct Authority (FCA) with the following within 1 week of this undertaking: i. a bank statement(s) to evidence the return of relevant funds under paragraph (a); and ii. written confirmation from the Director of SRWL whether SRWL is holding any relevant funds; c) Not provide payment services, other than in order to comply with paragraph (a); d) Not on-board or register any new payment service users; e) Take all reasonable steps to stop incoming payments from any existing customers, including issuing appropriate communications to discourage further payments and working with banking providers to ensure appropriate controls are implemented to block new payments and; f) Place a statement in a prominent place on its website within 48 hours of signing this undertaking, informing customers that SRWL is not currently providing payment services in the UK, and that customers should contact SRWL if they have any queries.
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.
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