Company Information

Get to know MMBL Money Transfer (Pvt) Ltd / Aitken Spence Group

MMBL Money Transfer (Pvt) Ltd is a joint venture between the Aitken Spence Group, one of Sri Lanka's largest blue-chip conglomerates, and Mercantile Merchant Bank Ltd. Established in 1995, MMBL was the first company to be appointed as the Principal Agent for Western Union in Sri Lanka. The company facilitates fast, reliable, and convenient cross-border money transfers, primarily focusing on serving the remittance needs of the Sri Lankan market through an extensive network of sub-agent locations across the country.

Industry

Financial PaymentPRIMARY
Financial Other Service

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MMBL Money Transfer (Pvt) Ltd / Aitken Spence Group

Sri Lanka

Founded in

1995 (31 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.