JURISDICTIONS & INDUSTRIES
PROHIBITED JURISDICTIONS
We have identified below jurisdictions which believe present an extreme level of risk. Any customers residing/operating in any of these jurisdictions will be rejected. We will also be unable to process or accept any payments to or from these jurisdictions:
- Afghanistan
- Belarus
- Cuba
- Democratic People’s Republic of Korea (DPRK)
- Iran • Libya
- Myanmar
- Palestinian Authority (Gaza)
- Russian Federation
- South Sudan
- Syria
- Ukraine – Russian Occupied Regions
- Venezuela
PROHIBITED INDUSTRIES
We have identified industries which believe present an extreme level of risk. Any new applications received for businesses operating within these industries will be rejected: • Shell Banks
- Illicit drugs and narcotics
- Weapons not subject to regulation
- Goods/services subject to global international ban
- Multi-Level Marketing (MLM)
- Unregulated crypto and non-fungible tokens (NFTs)
- Businesses with no clear business purpose
- Activities, goods, or services prohibited in the customer’s host country
- Goods/services involving human trafficking, sexual violence, or prostitution
- Dual-use goods (which are proximal to sanctions)
- UAE General Trading Companies
RESTRICTED INDUSTRIES
We have limited appetite for customers operating within these sectors and they will require a pre-onboarding review. Any clients in these industries, considered for onboarding will be subject to a comprehensive Enhanced Due Diligence review. before the account is opened:
- Money Service Businesses (MSBS)
- Funds and investments
- Consumer credit
- Trusts and corporate service providers
- Contracts for difference (CFDs) and spread betting
- Cryptocurrency and blockchain
- Non-fungible tokens (NFTs)
- Gaming businesses
- CBD-related businesses
- Regulated arms subject to EEA regulation
- Mineral extraction including high value metals and gemstones
- Dating services including online
