New AEMI license in the UK for sale

Two private individuals, both EU citizens, own the UK company directly. It has no agents, and the FCA has issued it no fines or warnings. It spends around 10,000 EUR a month on directors, office, AML tools and other costs.

Banking and technology

• Banks: a business account with Revolut; a correspondent/client account with Incore is at the last stage of opening
• Core banking: software outsourced to IORYS
• KYC and monitoring: external solutions, rented

Compliance

The company has its Terms and Conditions, AML policies, procedures and matrices, and every other policy and procedure the law requires.

Licensed activities

• Placing cash on a payment account
• Withdrawing cash from a payment account
• Executing payment transactions, both with and without cover from a credit line
• Issuing payment instruments or acquiring payment transactions
• Money remittance
• Issuing electronic money