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Payment Services Provider Gains FSA Registration

Christine Wright Services (“CWS”), the specialist money transfer company, has gained FSA Registration as a Payment Institution. CWS will provide money transfer services to individuals and corporations assisting them safely and securely transfer funds between different jurisdictions. Money Transfer, also called Money Remittance, became regulated by the FSA in 2010.

CEO, Christine Wright commented: “We are delighted to have received our registration with the FSA under the Payment Services Regulations 2009. We can now provide payment services to our customers, and FSA registration highlights to the market that we will operate our business to the highest standards. Compliancy Services provided us with support and guidance throughout the process, simplifying an otherwise complex process.”

CWS were advised by city consultancy Compliancy Services for the management of their FSA application and on-going FSA Compliance issues. Claire Wilkinson, Partner of Compliancy Services added “In recent months the FSA have significantly toughened up their assessment of applications by new Payment Institutions and their regulation of Payment Institutions who are already regulated. This is an important landmark in the development of CWS’s business, and gives them official authority to take their business on to the next level.”