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Foreign Exchange - Protection and Regulation Required

Submitted on Saturday 6th August 2011

Published on Monday 15th August 2011

Current status: Closed

Closed: Wednesday 15th August 2012

Signatures: 361

Tagged with

Internet

Petition Action

Foreign Exchange - Protection and Regulation Required

Additional Information

We require companies providing foreign exchange to be regulated if the transaction requires the individual to pay ahead of receiving the foreign currency.

At present anyone ordering foreign currency via the internet, maybe for that long awaited holiday, has no protection should the company go out of business. This happened in 2010 with a few thousand people having lost £20 million.


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