As part of our processor ongoing commitment to mitigate the risk of money laundering and terrorist financing, Currencycloud has a number of restrictions on the type of industries, activities, and countries we support and service. Failure to comply with these restrictions can result in delayed payments or rejected payments with continuous breaches leading to account closure.
Non-permitted industries – global
Weapons / military-grade security
Precious metals and stones
CBD and related products
Ponzi / pyramid schemes
Firms involved in the servicing of illegal goods/services including but not limited to: counterfeit goods/trademark infringement, human trafficking, child labor, prostitution.
Non-permitted industries – United States of America
Seeds or plants
Regulated financial services
Non-permitted client types
Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘layering.’
Clients are not allowed to use our services to speculate changes in FX
Transactions deriving from crypto currencies