United Kingdom · Payments & e-money
Euro Exchange Securities UK Limited
Euro Exchange Securities UK Limited is a private limited company registered in England and Wales. The FCA authorises it as an electronic money institution (reference 902021). Since 11 June 2026 it has been in special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Joint special administrators from Teneo Financial Advisory Limited run it. Luis Alberto Gasparini, who founded it in 2007, holds 75% or more of its shares. Until June 2026 it offered multi-currency e-money accounts, international payments, currency exchange, cards and merchant accounts to individuals, companies and financial institutions. In September 2026 the FCA opened an investigation into possible offences under the Money Laundering Regulations 2017.
Licences and registrations
Held by Euro Exchange Securities UK Limited (LEI 5493008FTHNJVXJNFH65). 3 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 902021 | United Kingdom | Active | 2018-07-20 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Small Payment InstitutionPayment Institution | 502591 | United Kingdom | Cancelled - Small PI | — | Ended 2016-04-14 |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 729906 | United Kingdom | Cancelled - Authorised PI | — | Ended 2018-07-20 |
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- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- EESXGB22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of EESXGB22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT
- Branch codes
- None: head-office BIC only
- Other BIC with this LEI
- EUETGB21
- BIC first registered
- 2019-04-20
- Last updated
- 2023-06-16
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Privately held
Firm type
E-money and accounts
Trades as Euro Exchange
- Standing · In liquidation or dissolved
- On 2 June 2026 the FCA required the firm to stop all electronic money and payment services. The High Court appointed interim managers on 4 June 2026 and joint special administrators from Teneo Financial Advisory Limited on 11 June 2026. Customer funds have been frozen since 4 June 2026 and all cards issued by the firm have been cancelled. Companies House lists the company as in administration.
- Ownership
- Companies House lists Luis Alberto Gasparini as the sole person with significant control, holding 75% or more of the shares and voting rights.
- Major shareholder
- Luis Alberto Gasparini
- Head office
- 107 Great Portland Street, W1W 6QG London, United Kingdom (registered office: c/o Teneo Financial Advisory Limited, The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT)
- Company register
- Companies House 06409565
- Incorporated
- 25 Oct 2007
- Founder
- Luis A. Gasparini
Online
- Websites & references
- euroexchange.uk ↗
euroexchangesecurities.co.uk ↗ website named in the firm's website terms and conditions
ib.euroexchangesecurities.co.uk ↗ online banking login portal - Official social accounts
- None found
Sources · 13 pages consulted
- fca.org.uk/news/press-releases/fca-imposes-requirements-euro-exchange-securities-uk-limited-and-inte
- fca.org.uk/news/press-releases/court-orders-appointment-special-administrators-euro-exchange-securit
- fca.org.uk/news/enforcement-investigations/fca-opens-investigation-euro-exchange-securities-uk-ltd
- find-and-update.company-information.service.gov.uk/company/06409565
- find-and-update.company-information.service.gov.uk/company/06409565/officers
- find-and-update.company-information.service.gov.uk/company/06409565/persons-with-significant-control
- euroexchange.uk/
- euroexchange.uk/about.html
- euroexchange.uk/debit.html
- euroexchange.uk/documents/GeneralT&C.pdf
- euroexchange.uk/EESUK-Special-administration-FAQs.pdf
- insurancejournal.com/news/international/2026/06/23/874808.htm
- bloomberg.com/news/articles/2026-06-05/uk-seizes-payments-firm-euro-exchange-over-crime-link-concerns
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA has authorised the firm as an electronic money institution (reference 902021) since 20 July 2018. Since 2 June 2026 FCA requirements have barred it from all e-money and payment services. It remains authorised while in special administration.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 902021 | In its own name | Suspended | register.fca.org.uk ↗ |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 729906 | In its own name | Withdrawn or expired | — |
| Financial Conduct Authority United Kingdom | Small Payment Institution | 502591 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm was required to hold customer funds in segregated safeguarding accounts. The special administrators are reconciling those accounts and have said it is not yet clear whether there is a shortfall.
- Payment schemes and card networks
- Swift Direct euroexchange.uk ↗
Mastercard Direct euroexchange.uk ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Until June 2026 it offered e-money accounts in more than 14 currencies, international and domestic payments, family remittances, Mastercard debit and prepaid cards and online merchant acquiring. All services have been suspended since 2 June 2026.
Its website terms say the site is aimed at UK residents. Court filings reported by Bloomberg in June 2026 said 13 of its 14 largest clients were based in the Americas and one in Cambodia.
- Sells to
- Financial institutions · Enterprises · Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Duncan Perring Joint Special Administrator (Teneo Financial Advisory Limited)
- Executive
- James Bennett Joint Special Administrator (Teneo Financial Advisory Limited)
- Founder
- Luis Alberto Gasparini Director (management powers suspended under the special administration)
- Executive
- Luis Alberto Gasparini Jr. Director (management powers suspended under the special administration)
- Executive
- Sasha Ramjiawan Director (management powers suspended under the special administration)
Recent events 5 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Investigation
The FCA opened an investigation into possible offences by the firm under the Money Laundering Regulations 2017 between February 2020 and June 2026.
fca.org.uk ↗ -
Enforcement
The High Court appointed Duncan Perring and James Bennett of Teneo Financial Advisory Limited as joint special administrators on 11 June 2026.
fca.org.uk ↗ -
Enforcement
The FCA required the firm to cease all e-money and payment services on 2 June 2026, citing significant financial crime risks.
fca.org.uk ↗ -
Enforcement
On the FCA's application, the High Court appointed interim managers over the firm on 4 June 2026.
fca.org.uk ↗ -
Leadership
Sasha Ramjiawan became a director on 22 April 2025, after Giancarlo Gasparini resigned as a director on 31 March 2025.
find-and-update.company-information.service.gov.uk ↗ -
Investigation
According to court filings reported by Bloomberg, the FCA wrote that the firm lacked adequate systems and controls for onboarding and monitoring clients.
insurancejournal.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- EESXGB22XXX
- How the BIC breaks down
- EESXBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 5493008FTHNJVXJNFH65
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 902021
- Licence no. · FCA-PSD
- 502591
- Licence no. · FCA-PSD
- 729906
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- a4850878d539
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 3 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 107 GREAT PORTLAND STREET FLOOR 1 LONDON W1W 6QG UNITED KINGDOM
- Operational address
- 107 GREAT PORTLAND STREET FLOOR 1 LONDON LONDON W1W 6QG UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>EESXGB22XXX</BICFI>
<LEI>5493008FTHNJVXJNFH65</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>EESXGB22XXX</BICFI>
<LEI>5493008FTHNJVXJNFH65</LEI>
<Nm>EURO EXCHANGE SECURITIES UK LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>107 GREAT PORTLAND STREET FLOOR 1 LONDON W1W 6QG</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2020-10-05 | Head office | — |
SEPA dates are when the institution became ready for the scheme.
An institution missing from T2 may still be reachable through an indirect participant.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate.
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: euroexchange.uk (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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