Non-Permitted Activity

As part of our ongoing commitment to mitigate the risk of money laundering and terrorist financing, we do not onboard the below-listed industries, client types and activities.

Non-permitted industries – global

Weapons / military-grade security
Multi-level marketing
Pawnbrokers [MCC: 5933 - Pawn Shops]
Political organizations [MCC: 8651 - Organizations, Political]
Precious metals and stones, including diamond traders [MCC: 5094 - Precious Stones and Metals, Watches and Jewelry]
Adult entertainment
Drug paraphernalia
CBD and related products
Carbon credits, including carbon credits traders
Cryptoassets
Gambling [MCC: 7995 - Betting (including Lottery Tickets, Casino Gaming Chips, Off - track Betting and Wagers)]
Ponzi / pyramid schemes
Firms involved in the servicing of illegal goods/services including but not limited to: counterfeit goods/trademark infringement, human trafficking, child labor, prostitution.
Mining and extraction
Scrap metal traders
Energy traders
Speculative trading

Non-permitted industries – United States of America

Chemicals
FDA classified medical devices
Medications or prescription drugs
Alcohol [MCC: 5813 - Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail lounges, Nightclubs and Discotheques]
Tobacco [MCC: 5993 - Cigar Stores and Stands]
Dietary supplements
Seeds or plants [MCC: 5193 - Florists Supplies, Nursery Stock, and Flowers]
Regulated financial services
Outbound telemarketing [MCC: 5966 - Direct Marketing-Outbound Telemarketing Merchants]

Non-permitted client types

Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘layering.’
Shell banks
Unregistered charities

Non-permitted activities

Clients are not allowed to use our services to speculate changes in FX
Transactions deriving from crypto currencies