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:
Cannabis, legal marijuana trade.
Products containing CBD.
Prescription-only pharmaceutical drugs.
Counterfeit or unauthorized goods.
Unauthorized sale of designer and/or brand products.
Sale of illegally imported or exported goods.
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.
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.
Platforms that allow the trading and/or exchanging of FX/CFD/options.
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