Key Data

• Trading Name: IFX
• Legal Entity: IFX (UK) Ltd
• Activities: Cross-border payment solution
• Location: United Kingdom
• Regulations: IFX Payments (company number: 05422718) is authorized by the UK Financial Conduct Authority (FCA) as an e-money institution.
• Key People: Christopher Charles Sherriff Harborne (Linkedin)

IFX Payments is a global foreign exchange, payments, and financial technology provider.

They are headquartered in London and has offices around the world (Dubai, Amersham, Warsaw, Sidney)

IFX Payments (company number: 05422718) is authorized by the UK Financial Conduct Authority (FCA) as an e-money institution.

Offering

Specifically, IFX offers cross-border payment solutions that are fully integrated with its global network to enable real-time retail payments and financial services.

These solutions enable companies to process large-scale payments in over 90 currencies in more than 120 countries without having to maintain accounts in local currencies.

Their primary services include:

• Mass payments
• API connectivity
• Multi-currency accounts
• Virtual IBAN

Compliance Problems 

According to the English Companies House, the company is controlled by Christopher Charles Sherriff Harborne (Linkedin), a British businessman and technology investor based in Thailand, with Thai citizenship under the name Chakrit Sakunkrit.

Harborne is no stranger to the British media, donating more than £6 million to the U.K.’s Brexit party in 2019 and previously donating £15,000 a year to the Conservative Party since 2001.

Christopher Charles Sherriff Harborne is a client at the dubious law firm MOSSACK FONSECA, according to Offshore Leaks, and consequently, he also appears in the Panama Papers.

Conclusion

Due to the involvement of major shareholder Christopher Charles Sherriff Harborne in various offshore leaks, as well as his connection to the criminal organization MOSSACK FONSECA and the fact that it is a PEP, we place IFX Payments on our “Red Orange” list.