When sending large sums of money overseas you need peace-of-mind. You need to know that your funds are safe and that you are dealing in a regulated environment, where your interests will be protected.
Foreign exchange regulation in New Zealand
New Zealand’s present regulatory environment has not addressed the issue of protecting retail customers. Australia’s regulatory environment however, is much more sophisticated and leads the way in consumer protection.
In keeping with Australian regulation, both HiFX Ltd and HiFX Australia Pty Ltd have acquired Australian Financial Services Licences (AFSL) and are regulated by the Australian Securities and Investments Commission (ASIC). ASIC is responsible for enforcing and regulating company and financial services laws to protect consumers, investors and creditors.
This provides our clients in both Australia and New Zealand with the added security that there are strict guidelines and regulations in place designed to protect their interests.
Our registration and licence details are:
- HiFX Ltd: ARBN: 106 779 953
- AFS Licence No: 240914
- HiFX Australia Pty Ltd: ABN: 78 105 106 045
- AFS Licence No: 240917
We appreciate that sending large amounts of money overseas with a company other than your bank can be daunting. We want to you to feel confident and happy with every aspect of the process. If anything isn’t clear please call us a member of our Private Client Team.