Company Information

Get to know Sterling Currency Exchange

Sterling Currency Group, LLC, doing business as Sterling Currency Exchange and Dinar Banker, was one of the largest dealers of Iraqi Dinar in the United States. Founded in 2004, the company promoted the Dinar as a high-return investment, based on the unsubstantiated belief that the currency would be "revalued" by the Iraqi government, leading to enormous profits for holders. In reality, the company operated as a major mail and wire fraud conspiracy and Ponzi scheme, defrauding tens of thousands of investors out of hundreds of millions of dollars. The company was shut down following a 2015 federal raid, and its principals were subsequently convicted and sentenced to lengthy prison terms.

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Sterling Currency Exchange

United Kingdom

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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This company is currently Unproved.

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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.