Zak Money Exchange Limited

Reference number: 504226

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No longer authorised

This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 31 January 2012.

This FCA record is no longer authorised, but the company is still on the register with full FCA authorisation under FRN 508565 →.

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.

  • No website on the FCA register

  • Last known phone number

    020 8514 8444

  • Last known address

    70 Ilford Lane, Ilford, Essex, IG1 2LA, United Kingdom

Company details

From the company's Companies House record.

Company name
COBANQ LTD
Company number
04995400
Company status
Active
Company type
Private limited company
Incorporated
15 December 2003 (22 years old)
Registered office
One Canada Square, 37th Floor, Canary Wharf, London, E14 5AA, United Kingdom
Nature of business
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)

Current directors and secretaries

Name Role Born Appointed
Ahmad Shah Director Jan 1981 3 Feb 2025
Sheroz Nadeem Director May 1997 6 Feb 2025

Check on the FCA register → Report a scam →

Activities and protection

What the record covers, and how you are protected

  • The record is closed
    Cover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.

Track record

FCA actions and complaints

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

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Common questions

Frequently asked questions

Is Zak Money Exchange Limited FCA authorised?
No. Zak Money Exchange Limited (FRN 504226) is still listed on the FCA register, but the record is closed: no longer authorised.
Is my money safe with Zak Money Exchange?
Money you handed over while it was authorised generally keeps its protection: FSCS covers firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading. New business with Zak Money Exchange has no cover, because it is no longer permitted to carry it out.
Is Zak Money Exchange a scam or clone?
Zak Money Exchange is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
What is Zak Money Exchange's Firm Reference Number (FRN)?
Zak Money Exchange's FRN is 504226. You can verify it on the FCA register.