Prohibited industries

Transactions involving companies or persons from the following industries are not accepted:

• Offshore FX & CFD brokers
• Hawala (informal banking system)
• Binary Options or unregulated investment and or payment services activities
• Shell and Offshore Banks located in Jurisdictions listed by the IMF as Offshore Financial Centres 2019
• Shell and Offshore Banks located in Jurisdictions listed by the IMF as Offshore Financial Centres 2019
• Get rich quick schemes (proposal to pay high rates of return over a small period in return for a small investment)
• Unregulated charities or any regulated charity outside of EEA
• Activities relating to defence and munitions, including dual use
• Illegal Drugs and or unlicensed drug related activity
• Shell companies (a limited liability company having no physical presence, no employees or no commercial activity in its registered jurisdiction)
• Companies formed of Bearer Shares
• Gambling Entities regulated outside EEA
• Pyramid Schemes/multi-level marketing (MLM)
• Unregulated pharmaceuticals / food supplements (nutraceuticals)
• Remittance funded of Cash
• Piracy or illegal streaming
• Counterfeit goods
• Adult Websites or services associated with prostitution, and the broadcasting and/or publication of pornography
• Payment Service Providers with fifth-party payments & multi-layered MSB arrangements (Freemarket facilitating payments for its client’s, client’s, client)
• Political / religious organisations engaged in hate speech
• Freemarket’s blocked country list
• Correspondent relationships with EMI or PI Agents & or small AEMI & API entities
• Cultural artefacts, ivory or other items related to protected species, or archaeological, historical, and religious significance, or of rare scientific value
• Crypto – Currency/Virtual Asset

Prohibited countries

Transactions are not be accepted or remitted to the following jurisdictions below: