Prohibited industries

Countries, governments, entities and individuals subject to sanctions or included in any applicable government prohibitions

Marijuana Related Businesses deriving more than 50% of their revenue from activities including manufacturers, dispensers, and/or from those engaged in medical marijuana or other so-called “touch the plant” activities

Anonymous or numbered accounts or Customers seeking to maintain an account in an obviously fictitious name

Bearer share companies where the shares have not been recorded on a share register or are not held with a local custodian

Shell banks, aka a bank that has no physical existence in the country in which it is incorporated and licensed.

Payable Through Accounts, aka providing direct access to the account held by the client to another party (usually the customers’ clients) to initiate payments

Unlicensed or unregistered Money Transmitter Activity such as companies offering services involving money/currency exchange, money transfer, cheque cashing, and issuing or selling travelers cheques, money orders or stored value.

Unlicensed or unregistered or unlawful Internet Gambling Companies, and companies whose main source (more than 50%) of revenue is derived from supporting gambling or wager activities that are unlicensed, unregistered or would be considered unlawful under Regulation GG.

Adult entertainment and services businesses, such as escorts and prostitution, pornography and obscene media companies, and other sexually related online or social media related services such as sexually-related adult live chats, sexually motivated dating services, and pornographic pay per view services.

Companies whose business model is indicative of a Ponzi scheme, pyramid selling, pump and dump schemes, or other forms of “get rich quick” business models or prohibited types of multi-level marketing operations.

Individuals, groups, or companies that promote terrorism, hate, bigotry, racism, abuse, or harassment. This includes but is not limited to discrimination or violence against any group based on race, religion, disability, gender, sexual orientation, national origin, or any other immutable characteristic

Companies involved in the sale of consumer data such as personally-identifying information on a non-anonymized basis.

Companies involved in the manufacturing of counterfeit goods or goods meant to infringe on intellectual property rights.

Pseudo-medical treatments or medications, such as those involved in the commercial sale of chemicals or compounds that claim medical-grade benefits; does not include vitamins or cosmetics unless products offered generally require a medical prescription but are not obtained through a licensed pharmacy