The list of the restricted industries
Prospective clients cannot operate, be owned by other entities within these jurisdictions or send/receive money to/from the below jurisdictions:
Afghanistan, Belarus, Cuba, Iran, Iraq, Libya, North Korea, Russian Federation, South Sudan, Syria, Sudan.
The following Industries will not be accepted as Finom customers:
- Cryptocurrency trading or other Cryptocurrency businesses (except payment gateways settling in GBP Faster Payments)
- Anonymous or Numbered Accounts, Shell Banking Financial Services
- Cash and Cheque Handling: Cheque Cashing, Deposit-Taking, Cash Transfer
- Financial Services
- Credit Repair, Debt Restructuring
- Debt recovery, Debt settlement, Debt Collections
- Financial Pyramid or Ponzi Schemes
- Hawala
- Lottery, Binary options, Gambling and Gaming, including payouts
- Financial institutions (e.g. MSBs, PSPs or EMIs, etc)
- Unlicensed charities
- Companies formed of Bearer Shares
- Any industry is recognized as an illegal industry in its local jurisdiction
- Activities aimed at circumventing security controls (software or hardware)
- Illegal drugs and narcotics
- Sale or distribution of stolen goods (including digital and virtual goods), counterfeit goods and violation of intellectual property, or items that violate individual privacy (including revenge porn)
- Any products harmful to human health – tobacco, e-cigarettes and e-liquid
- Operating a business that requires a license or special permit without obtaining such a license (i.e. Unregulated Auction Houses)
- Production of adult or violent content
- Production or distribution of offensive weapons: ammunition, firearms, explosives, complex weapons (i.e. guided missiles), or poisons
- Psychic services
- Selling, hosting, distributing, producing or promoting offensive materials, including materials that incite or promote racial hatred or discrimination based on gender, race, religion, national origin, physical ability, sexual orientation, or age
- Transactions involving human organs
- Sanctioned individuals and entities
- Dealers in precious metals and stones
