Prohibited & Restricted Businesses

This list sets out the businesses and activities that may not use the platform, or may use it only on conditions. It forms part of our Acceptable Use Policy. The Acceptable Use Policy governs how a permitted business must behave. This list governs who may use the platform at all.

1. Prohibited businesses. These may not use the platform, whatever their conduct: unlicensed weapons or military equipment; controlled substances or narcotics and equipment for producing or concealing them; unlicensed gambling or betting; unlicensed money services, payment intermediaries or currency exchanges; pyramid and Ponzi schemes, recruitment-based multi-level marketing and unregistered investment products; adult services and sexually explicit content; businesses established in, or linked to, jurisdictions under comprehensive trade sanctions at the time of the transaction; arrangements built to hide the true owner of funds from our checks.

2. Restricted businesses. These may use the platform only after extra checks and on conditions we set case by case: dealers in precious metals, stones or other high-value goods; businesses that handle third-party funds; businesses in sectors we assess as higher risk for financial crime. We may decline any of these where the risk is too high for us.

3. Restricted jurisdictions. We do not onboard customers established in, or process transfers connected with, the jurisdictions listed in our Legal Center. That list reflects sanctions and our own risk assessment and it changes as those change.

4. How we apply and update this list. This list is not exhaustive. We may add categories that create legal, regulatory, financial-crime, operational or reputational risk. The current version is always in our Legal Center. If you are unsure whether your business is affected, contact us at [email protected] before onboarding.