Articles on: Business

Account Restrictions

Non-supported countries:

Ukraine - Please be aware that all payments to Ukraine remain subject to delays due to the ongoing conflict and the increased sanctions risk. Currencycloud continues to monitor the situation regularly and will update this page with any changes. 

Myanmar-Due to the current military coup in Myanmar, all banks onshore have been instructed by the Myanmar Banks Association to remain closed. As the banking system is now offline, our banking provider is unable to process any payments to Myanmar until further notice.

Non-permitted industries GLOBAL:

Weapons / military-grade security
Multi-level marketing
Political organizations
Precious metals and stones, including diamond traders
Precious Stones and Metals, Watches and Jewelry
Unauthorized re-sale of luxury goods - including watch traders
Adult entertainment
Drug paraphernalia
CBD and related products
Carbon credits, including carbon credits traders
Betting (including Lottery Tickets, Casino Gaming Chips, Off - track Betting and Wagers)
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.
Mining and extraction
Scrap metal traders
Energy traders
Speculative trading

Non-permitted industries USA:

FDA-classified medical devices
Medications or prescription drugs
Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail lounges, Nightclubs and Discotheques
Tobacco ( Cigar Stores and Stands)
Dietary supplements
Seeds or plants (Florists Supplies, Nursery Stock, and Flowers)
Regulated financial services
Outbound telemarketing (Direct Marketing-Outbound Telemarketing Merchants)

Non-permitted activity:

Clients are not allowed to use our services to speculate changes in FX
Transactions deriving from crypto currencies
Remittances funded in cash

Non-permitted client type:

Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘layering.’
Shell banks
Unregistered charities

Updated on: 07/03/2024

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