Guidelines for Finding a Reputable Iraqi Dinar Dealer

Your Dinar Seller is not Legitimate?
You will never be able to exchange your dinar?
Your Iraqi Dinar Investment is worthless?
These are scary thoughts, but this article will protect you!

How do I purchase Iraqi Dinar?

How do I find a reputable Iraqi Dinar seller?

How do I know my Iraqi Dinar is from non-criminal origin and can be securely exchanged for U.S. Dollars?

Finding a Reputable Iraqi Dinar Seller - Watch the Video Here

There a number of important things to look for when purchasing Iraqi Dinar. The purchasing and selling of Iraqi Dinar is highly regulated by the Federal Government requiring not only an easily obtainable Money Service Business license form the US Treasury Department, but also strict standards and procedures as outlined by the Bank Secrecy Act (BSA). It is common to see numerous Iraqi Dinar sellers on the internet who are Registered Money Service Businesses—any company can freely get this registration.

DinarBanker.com (Sterling Currency Group) President, Ty Rhame, explains the key requirements to look for in a potential Iraqi Dinar dealer:

1. Make certain a potential Iraqi Dinar dealer is registered with the United States Treasury Department. This is easily verified through links on the U.S. Treasury Department website. View Dinar Banker's U.S. Treasury FinCEN Registration - Select "Georgia" in the Money Services Business (MSB) State Selector. This will open the MSB Registration List in an Excel Document. Scroll down Sterling Currency Group, located in Atlanta, Georgia, to view proof of registration. Also, check the original date of the company registration so you can verify they have been in business more than a few years. A company that has been selling Dinar for four or more years is more likely to continue to operate in the future.
2. When verifying the registration, be suspicious if the company is registered under a name that doesn’t indicate currency, Iraqi Dinar, or banking related. For example, a company using an obscure name such as Bob’s Collectibles or Sky Consulting may be using these names to prevent their banks from knowing they are conducting Money Service Business operations.
3. Be absolutely certain that a potential Dinar dealer has been audited by the Bank Secrecy Act compliance Department of the U.S. Internal Revenue Service. This extensive audit guarantees that the Iraqi Dinar dealer is following the proper rules and regulations. View the Dinar Banker audit certifricate - This inspection reviews and audits all anti-money laundering procedures and practices. The inspection guarantees that all financial transactions are being conducted and reported appropriately. Look for the inspection results on a Dinar dealer’s internet page, or call to ask for a copy.
4. Look for companies that have been around for more than a couple of years. It takes the U.S. Treasury Department a little time before they are aware of an Iraqi Dinar dealer and conduct the appropriate audit---this is when most dealers are put out of business or change their company name. Dinar Banker / Sterling Currency Group has been audited twice in the past 5 ½ years to ensure its operation are running properly.
5. Contact the potential Iraqi Dinar dealer’s bank and make absolutely certain the potential dealer has appropriately disclosed to their bank the nature of their business. An Iraqi Dinar dealer is required to disclose to their bank that they are operating as a Money Service Business exchanging foreign currency - most Iraqi Dinar sellers do not do this. It is common to see dinar dealers inappropriately list themselves as “buying and selling collectibles.” As soon as a bank discovers the deception, they will end all banking relationships with the Dinar dealer. Banking issues will like prevent a Dinar dealer from ever being able to exchange your Dinar in the future.
6. Beware of companies accepting credit card payments for Iraqi Dinar purchases - most of these companies are not fully disclosing their Money Service Business operations to their credit card processing companies. They use an affiliate company to disguise their credit card Dinar transaction in order to circumvent credit card company’s Bank Secrecy Act compliance restrictions.
7. Make certain any potential Iraqi Dinar dealer owns appropriate verification equipment to verify their currency like Dinar Banker’s De La Rue 8625 (a currency counter and counterfeit detector that retails for $1500). Ask for a serial number, make, and model. Don’t just look for a photo of the machine on a dealer’s website---anyone can find a photo; look for a photo that shows that machine belongs to that dealer (company registration next to the machine, etc).
8. Contact the Better Business Bureau and see how long the company has been in operation and if there are any complaints. Legitimate dealers should have a direct link on the front of their website. View Dinar Banker's BBB Certification
9. Make sure your dealer also buys Iraqi Dinar and has the resources and a plan in place to purchase large amounts of Iraqi Dinar in the event of any significant increase in Iraqi Dinar value. Dinar Banker has established and legitimate banking connections that ensure fast and secure exchanges with customers.

If you take these steps, you can be certain you are purchasing legitimate Iraqi Dinar from a reputable dealer. Following these steps will ensure your Iraqi Dinar investment is valid and able to be exchanged at any time you choose.

Guidelines for Finding a Reputable Iraqi Dinar Dealer - Watch the Video Here

The information contained in this article was provided by Ty Rhame, the President of DinarBanker.com (the website for Sterling Currency Group) and the Dinar Banker staff.

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