List of prohibited industries

Cryptocurrencies and Virtual Assets with high anonymity and/or unlicensed.

Examples: Unregulated cryptocurrency exchanges, wallet services, ICO (Initial Coin Offering) projects, investment advisor. Any involvement with anonymity virtual assets.

Offshore Financial Services

Examples: Offshore banking services, shell company formations, and tax havens.

Unlicensed Gambling and Gaming

Examples: Unlicensed online gambling sites, unregulated casinos, and lottery operations.

Weapons and Firearms Trading

Examples: Private arms dealers, unlicensed firearm sales, and illegal export/import operations.

Tobacco and Alcohol Smuggling

Examples: Illegal tobacco manufacturers, illicit alcohol distributors, and smuggling operations.

Non-Profit Organizations with no transparency

Examples: Unregistered NGOs, those without clear governance structures, or charities operating in high-risk regions.

Unregulated Real Estate Transactions

Examples: Off-market real estate deals, luxury real estate purchases by anonymous or shell companies, and unregistered property agents.

Unlicensed Forex, Assets, Goods Trading

Examples: Unlicensed forex brokers, platforms with insufficient KYC checks, and illegal forex trading operations.

Pyramid and Ponzi Schemes

Examples: Investment “opportunities” promising guaranteed returns, multi-level marketing schemes, and similar fraudulent operations.

Unregulated Financial Intermediaries and Hawala Systems

Examples: Underground money transfer systems, unlicensed money service businesses (MSBs), and agents involved in informal remittance operations.

Illegal Drugs and Narcotics Trade

Examples: Drug trafficking organizations, illegal drug manufacturing, and smuggling operations.

Organized Crime Networks

Examples: Businesses controlled or influenced by organized crime syndicates, such as extortion rings or illicit trade in stolen goods.

Fake or Misleading Investment Schemes

Examples: Fake investment schemes (e.g., fake trading platforms, fake stock brokers), scam investment opportunities in the name of real estate, commodities, or cryptocurrencies.

Exploitation of Vulnerable Persons

Examples: Financial transactions related to businesses or individuals involved in human trafficking for sexual exploitation, forced labor, or child trafficking.

Illegal Adoption and Exploitation

Examples: Human trafficking schemes involving illegal adoption processes or the exploitation of children, and financial transactions related to these illegal practices.