Company Information

Get to know Ping Express

Ping Express was a financial technology company that provided an online platform for international money transfers. Its mission was to offer a secure, convenient, and low-cost way for diaspora communities to send money to loved ones, primarily in Africa. The company operated in several countries, including the United States, Canada, and the United Kingdom. However, in 2022, the company was prosecuted by the U.S. Department of Justice for failing to maintain an effective anti-money-laundering program, leading to a criminal conviction, significant fines, and the eventual shutdown of its operations.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Ping Express

United Kingdom

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

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.