Sterling Consortium Ltd are Registered with the FCA

FCA Authorisation and Registration

Sterling Consortium Limited are registered with the Financial Conduct Authority as an Authorised Payments Institution (API).

FCA Firm Reference Number: 987941

Company Registration Number: 05850613

As an Authorised Payments Institution, Sterling Consortium Ltd is permitted to provide payment services such as money remittance and foreign exchange for international transfers. This authorisation requires us to comply with strict standards on capital, risk management, and the safeguarding of client funds.

HMRC Money Service Business Registration

We are also registered with HM Revenue and Customs as a Money Service Business (MSB).

MSB Registration Number: 12120971

HMRC's oversight ensures compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) requirements, adding an additional layer of protection for customers.

What the FCA Regulates

Our payment services fall under FCA supervision. The provision of travel money, however, is not regulated by the FCA. We make this distinction clear so customers understand which of our services are formally covered by FCA regulation.

Safeguarding of Client Funds

All customer funds handled for payment services are safeguarded under FCA rules. This means they are held in segregated safeguarding accounts with Lloyds Bank, separate from company funds. These protections help ensure that customer money remains secure at all times.

Why Registration Matters

With more than 400,000 satisfied customers and over £1.3 billion in foreign exchange transactions, our long track record is backed by formal authorisation. Dual registration with the FCA and HMRC provides peace of mind that your transactions are safe, transparent, and compliant with UK financial regulations.

Difference Between FCA and HMRC Oversight

FCA Regulation : Covers our authorisation as an API and ensures we meet standards for payments services, client safeguarding, and conduct.

HMRC Oversight : Applies to our status as a Money Service Business, ensuring compliance with anti-money laundering and financial crime prevention rules.

Together, these frameworks provide robust protections for customers.

About the FCA Register

The FCA Register is the official record of firms and individuals authorised and regulated by the Financial Conduct Authority. Customers can use it to confirm a business's authorisation and permissions. Sterling Consortium Ltd's listing on the register demonstrates our commitment to meeting the FCA's regulatory standards.