Online FX broker Azimo stops money transfers for Brexit vote

Azimo was the most recent major money
transfer company to suspend operations for Britain’s mandate
on EU membership, saying on Wednesday the unpredictability around the
vote made it difficult to ensure the safety of clients’
cash. Azimo, one of the leaders of the new breed of online brokers
who have actually consumed into banks’ dominance of customer currency
markets over the previous 3 years, stated it would make an
unmatched move to halt operations from 6am on Thursday.

It said it would resume after “things have actually settled on
Friday and we can securely trade again.”

” If you have crucial transfers to make please send them as
quickly as possible,” the company said in the statement on its
Twitter account.

( Reporting by Patrick Graham; editing by Nigel Stephenson).

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