In case you operate or conduct the business related to the entries below, please note that you are not allowed to use any service by SnapSwap. 

Also please note that this list is not exhaustive as SnapSwap reserves unilateral right to deny any existing or expected cooperation with you according to compliance / risk mitigation reasons.

SnapSwap reserves the right upon sole discretion to amend this list at any time without any particular notice to you.

1. Finance / asset related

1.1 Financial services

  • Rotation savings (ROSCAs)
  • Forex
  • Binary options
  • CFDs and margin trading
  • any MTS / OTF
  • Non-regulated payment service providers
  • Investment funds / platforms
  • Check cashing
  • Cash transfer and operations 
  • ATMs
  • Debt securitization platforms
  • Non-regulated investment advice / trading courses for public
  • Insurance brokerage

1.2 Virtual (Crypto) Currency or Stored Value services

  • Bitcoin or any cryptocurrencies related platforms
  • ICOs / STOs / Launchpads
  • Asset tokenization providers

2. Illegal products and services

  • Narcotics, marihuana
  • Pyramid schemes
  • Products and services with varying legal statuses on a state-by-state/country basis
  • Pharma products
  • Services offending privacy (e.g. complaint sites / black-lists)
  • Counterfeit products / items – violating intellectual proprietary rights

3. Other high-risk products and services

  • Arms/weapons dealers/producers, combat use military equipment distribution and sale
  • Security service companies / Private investigation services
  • Any gambling-related platforms, e-casinos, lottery, and card games
  • Sales of tobacco, e-cigarettes and e-liquid
  • Operations with jewelry, gold, precious metals and gemstones
  • Any adult content, including pornographic content, content escort platforms, pay-per-view, webcam services and/or violent content
  • Escort / sex services, strip clubs
  • Auction platforms that are not supported by a regulated action-house
  • Dietary, nutrition and/or food supplements
  • Sale / distribution of laboratory equipment / supplies
  • Multi-Level Marketing
  • Video Games Competitions and/or e-sports
  • Psychology-related services (relations coaching / decision making / Neuro-linguistic programming)
  • Any product or business carries a significant risk or violates card network policies
  • Sale of shelf companies
  • Real estate purchase / selling activities
  • Antique-trade / antique shop
  • Any operations with natural resources (e.g. ore, crude oil, metals, minerals), including trade, extraction, distribution
  • Cash register / POS terminal maintenance
  • Chemicals / petrol trade / distribution
  • P.O. box services / Business address services / Mail, call forwarding services
  • Researching / developing genes, genomes, and germplasm (biotechnology)
  • Political parties / entities supporting political movements, protests
  • Airspace / aviation operations
  • Debt collection and restructuration
  • Large-scale real estate / infrastructure construction (sites / works)
  • Animal breeding / pets sale and purchase

4. Entity legal form, geography or structure related

  • has bearer shares
  • Incorporated in tax heaven / offshore
  • has operations / supports operations within high risk countries 
  • bears risks of non-compliance with EU sanction regimes against Russia and Belarus
  • directly or indirectly supports business operations listed herein
  • has complex corporate structure / governance
  • has juveniles involved
  • bears risks of non-compliance with sanction regimes and other regulatory frameworks
  • in liquidation or bankruptcy stage

5. Other ML/TF risk factors

  • threat of tax evasion or tax fraud / swindle
  • operates high-value goods
  • operates as corporate treasurer / payment agent
  • reluctant to provide information / conceals information
  • UBO not acting on own account / supporting third party
  • shell-company features are present
  • has a negative historical track record in everest