Industries that may cause our banking partners to raise an eyebrow

Some of our banking partners have a list of activities that are forbidden or limited.

If your business is engaged with one or more activities from the list below, you may find it difficult to open a bank account:

• Adult content.

• Alcohol businesses.

• Tobacco products.

• Cannabis, legal marijuana trade.

• Products containing CBD.

• Online pharmacies.

• Prescription-only pharmaceutical drugs.

• Chemicals.

• Counterfeit or unauthorized goods.

• Unauthorized sale of designer and/or brand products.

• Sale of illegally imported or exported goods.

• Gambling.

• Lotteries.

• Fantasy sports with cash prizes.

• Any type of gambling payments or businesses related to Turkey, the United States, Canada, the United Arab Emirates, or Singapore.

• Intellectual property or proprietary rights infringement.

• Binary options.

• Escrow services.

• Companies involved in the exchange or trading of cryptocurrencies, or any other virtual currencies.

• Marketplaces from countries outside of the European Economic Area and/or European Union or the United States.

• Money service businesses, or any businesses that carry on the activity of:

• Operating a bureau de change or currency exchange service.

• Transmitting money, or any representation of monetary value, on behalf of third parties.

• Cashing cheques.

• Payment processing.

• Platforms that allow the trading and/or exchanging of FX/CFD/options.

• Shell banks.

• Superannuation funds.

• Syndicates.

• Trust and corporate service providers that are involved in:

• Opening accounts on behalf of other businesses.

• Offshore company formation.

• Using nominee directors and/or shareholders to obscure company ownership.

• Any other financial services operating without a license where one is required

• IPTV and VOIP services.

• Individuals, entities, or countries subject to international sanctions.

• Weaponry, military and semi-military goods and services.

• Weapons (including weapons of historic significance), military software, or any other goods or services intended for military use.

• Nonprofit organizations and charities from countries outside of Canada, European Economic Area and/or European Union, Switzerland, USA, Australia, or New Zealand.

• Unregistered charities not supported by any region.

• Trusts and foundations from countries outside of Canada, European Economic Area and/or European Union, Switzerland, USA, Australia, or New Zealand.

• Trade of restricted and/or endangered animal species and products derived from them.

• Multi-level marketing, pyramid schemes, get rich quick schemes, referral marketing.

• Including any other services promising unreasonably high rewards.

• The United Arab Emirates-based oil, gas and shipping companies, as well as related activities.

• Businesses with relations or activity directly or indirectly linked to Cuba

• Surrogacy businesses.