ABOUT A&B GENERAL (UK) LIMITED

We studied the rules and regulations and the possibility of operating the business in the UK. We came across the thought of “if we can save customers money on the transfer fee and provide them with a more competitive exchange rate as well as a faster process under our own language, then we would be on a superior side.”

We were aware that there will definitely be a hurdle but we never gave up. We strongly believe that this would make a massive change for the first time in the UK to an FX Broker market amongst Thai people.

In 2010 our main competitors like Western Union and Money Gram offered us interesting terms to become their “Sub Agent”. Although we were very small at the time, we politely refused — because we always wanted to stand by ourselves.

From our honesty, endurance and hard work, the company grew rapidly, and by 2011 the name “A&B Money” became the talk of the town regarding FX services amongst Thai communities around the UK.

Due to the financial crisis in Europe and the UK’s inflation problem in 2013, the government introduced tougher rules for FX businesses, resulting in the closure of as many as 300 related companies.

With hard work we avoided being scrapped by the tougher regulations. The regulator even complimented our self-built system and praised the way we worked on anti-money laundering checks and our database.

We opened our first European agent in Stockholm, Sweden — home to over 40,000 Thai people — approved by Finansinspektionen (FI), and were granted a licence from BaFin to operate in Germany, serving over 60,000 Thai people there.

The leader of the FOREX industry, FXPRO, visited us to become our alliance, co-ordinating Thai investors under our wallet system, with sales growth averaging $10.39 million.

During Brexit in 2018 the Pound dropped to its lowest in 10 years. We entered the Hong Kong and Chinese markets and succeeded in a collaboration with “Alibaba”, representing 258% growth from the prior year.

All our hard work paid off as A&B General Ltd was recognised as one of the Global 100 Most Sustainable Corporations in the World for the third consecutive year.

The COVID-19 pandemic changed our operations to work-from-home during lockdown, while we ensured every service scheme stayed available.

We also fought the Brexit crisis taking effect at the end of 2020, which pushed us to make a new agreement with the EU to carry on serving EU customers.

We created the YouTube channel “A&B Reality” and ran live shows explaining our banking products. As COVID-19 eased, we recharged the team with fresh air at the Bournemouth seashore.

Under restrictions on bank criteria, A&B Money was approved by a global big-firm auditor accepted by the regulator — Ocreus Group — which inspects each company’s system to a universal standard.