List Of Products & Services Prohibited
Please note the following list of prohibited products and services. Approval from us is required before your company can engage with us if it deals in any of the listed areas. Failure to obtain approval may result in denial of services from our providers. This policy applies equally to both individuals and companies:
- Individuals lacking a national tax number or verifiable evidence of tax payment.
- Involvement in illegal, stolen, or counterfeit goods.
- Participation in illegal gambling activities.
- Involvement in the sale of alcohol, controlled substances, or banned materials.
- Dealing in prescription medications.
- Providing escort services or adult-rated content.
- Offering debt fixing, improvement, or collection services.
- Engaging in activities related to virtual currency or credits, including their purchase, sale, exchange, trade, gift, transfer of value, discounting, auctioning, aggregating, or marketplace operations, in any form.
- Engaging in activities related to cryptocurrency, including their purchase, sale, exchange, trade, gift, transfer of value, discounting, auctioning, aggregating, or marketplace operations, in any form.
- Involvement in counterfeiting or counterfeit products and services.
- Participation in Ponzi schemes or pyramid schemes.
- Involvement in high-yield investment programs (HYIPs) or trades.
- Sale or involvement in raffle/lottery tickets.
- Conducting activities regulated by US State Financial Regulators or Federal FINCEN guidelines without appropriate licensing.
- Operating as an unlicensed money service business, payment institution, check casher, remittance service, money transfer aggregator, payday lender, etc.
- Providing invoice factoring services.
- Offering loans, including payday, advance, or those targeting individuals with little, poor, or no credit, without a state license or NMLS registration.
- Offering or mimicking automated teller machine (ATM) services, both traditional and human-operated, for withdrawals and payments.
- Establishing a Point-of-Sale network of any kind.
- Dealing in products or services that pose a consumer safety risk.
- Handling controlled food items or liquids.
- Engaging in any form of human trafficking.
- Selling, hosting, distributing, producing, or promoting materials that incite hatred or discrimination.
- Engaging with countries on the FATF’s Grey List or Black List.
Contact us prior to engagement if your business involves any of the above.
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This page was last updated on February 5, 2024.
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