NON-PERMITTED ACTIVITY
Mitigating the risk of money laundering
and terrorist financing
We place several restrictions on the type of activities, industries, and jurisdictions we support or service to mitigate risk. Failure to comply with these restrictions will result in delayed or rejected payments and continuous breaches will lead to account closures.
NON-PERMITTED INDUSTRIES
Last Updated: October 2023
- Adult entertainment
- Carbon credits
- Counterfeit items
- Crypto currencies
- Discriminatory items or services
- Drug paraphernalia
- Energy Trading
- Financial services activities
- Gaming
- Narcotics / Non-prescription drugs
- Pawnbrokers
- Precious metals and stones
- Speculative Trading
- Weapons / military-grade security
- Firms involved in illegal activities such as counterfeit goods, trademark infringement, human trafficking, child labor, and prostitution
- Ponzi / pyramid schemes / timeshare or other illegal financial services activities
NON-PERMITTED ACTIVITIES
Customers are not allowed to use our services to speculate changes in FX or process transactions deriving from crypto currencies
NON-PERMITTED CUSTOMER TYPES
Financial institutions making payments on behalf of other financial institutions (nested relationships or layering), shell banks or unregistered charities