Eligibility

1. Prohibited industries

The Company does not deal with persons, who are directly or indirectly involved in illegal or unregulated businesses, including, but not limited to:

Adult Services, Sexual Content, Adult Dating Apps
Arms, Explosives & Defence
Cannabis, CBDs & Recreational Drugs
Cryptoassets — Mining, Trading, Exchange, Custody, Staking & DeFi
Gambling
Money Services Businesses & Value Transfer (Unregulated)
Anonymous, Fictitious & Bearer Share Entities
Sanctioned Persons, Trafficking & Illicit Activity
Russian-Origin Oil & Petroleum (HS 2709/2710)
Export Control & Sanctions-Licence Violations

To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/prohibitedBusinessesList.json

2. Prohibited business types

1. Shell companies that can be identified based on the below criteria (definition) – a legal person characterized by one or several of the following indications:

1.1. no affiliation of a legal person to an actual economic activity or the operation of a legal person generates a minor economic value or no economic value at all, and there is no documentary information that would prove the contrary.

1.2. laws and regulations of the country where the legal person is registered do not provide for an obligation to prepare and submit financial statements for its activities to the supervisory authorities of the relevant country, including annual financial statements.

1.3. the legal person has no place (premises) for the performance of economic activity in the country where the relevant legal person is registered.

3. Restricted businesses (we will require enhanced due diligence):

Cannabis & CBDs — Lawful & Licensed
Cryptoassets — CASP Direct & Indirect Activities
Cryptoassets — Off-Ramp Source-of-Funds
Alcohol — Production, Distribution & Retail
Education-Adjacent Services & Online Tuition
Financial Institutions & Financial Services (incl. Private Banks, Prepaid Card Issuers)
Forex Brokers, Consultants & Advisers
Free Trade Zone (FTZ) Companies
Insurance Services
Money or Value Transfer Service Businesses (Regulated)
Payroll & Umbrella Company Services

To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/controlledBusinessesList.json.

4. The Company determined the following economic or other activities deemed to be of Elevated risk:

Cash-Intensive Businesses & Physical Cash Handling
Charities, Crowdfunding, Non-Profits, Foundations & Cultural Associations
Cryptoasset Exchanges & Service Providers (Regulated)
Employment Placement & Temporary Agencies
Extractive Industries — Mining, Oil & Gas
Gaming (with monetary value) — Developers, Distributors & Resellers
Government, Diplomatic & Public Sector Bodies
Jewellery, Gemstones, Precious Metals & Diamonds
Multi-Level Marketing & Commission-Based Sales
Online Marketplace Platforms
Pharmaceuticals, Medical Manufacturing/Sales & Medicinal Cannabis/CBDs
Professional Football Sector
Tobacco — Farming, Processing & Sales
Automobile and Other Motor Vehicle Sales

To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/riskyBusinessesList.json.

General rule 1:

No export to Russia and Belarus of any commodity the customs code of which falls into the category of military or dual-use goods or commodity listed in the respective sanctions lists:

§ https://www.legislation.gov.uk/uksi/2022/452/schedule/part/2/made

§ https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32022R0428

§ https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02014R0833-20220316

General rule 2:

High risk transaction fee may be applied to payments to/from the following countries:

Albania (ALB), Algeria (DZA), American Samoa (ASM), Angola (AGO), Anguilla (AIA), Antigua and Barbuda (ATG), Armenia (ARM), Aruba (ABW), Azerbaijan (AZE), Bahamas (BHS), Barbados (BRB), Belarus (BLR), Belize (BLZ), Benin (BEN), Bermuda (BMU), Bolivia (BOL), Bosnia and Herzegovina (BIH), Botswana (BWA), Bouvet Island (BVT), British Indian Ocean Territory (IOT), Brunei (BRN), Burkina Faso (BFA), Cambodia (KHM), Cameroon (CMR), Cape Verde (CPV), Cayman Islands (CYM), Central African Republic (CAF), Chad (TCD), China (CHN), Christmas Island (CXR), Cocos (Keeling) Islands (CCK), Colombia (COL), Comoros (COM), Congo (COG), Congo, Democractic Republic (COD), Cook Islands (COK), Costa Rica (CRI), Cote D'Ivoire (CIV), Cuba (CUB), Djibouti (DJI), Dominica (DMA), Dominican Republic (DOM), Ecuador (ECU), El Salvador (SLV), Falkland Islands (Malvinas) (FLK), Fiji (FJI), French Guiana (GUF), French Polynesia (PYF), French Southern Territories (ATF), Gabon (GAB), Gambia (GMB), Georgia (GEO), Ghana (GHA), Gibraltar (GIB), Grenada (GRD), Guadeloupe (GLP), Guam (GUM), Guatemala (GTM), Guinea (GIN), Guinea-Bissau (GNB), Guyana (GUY), Haiti (HTI), Heard Island and McDonald Islands (HMD), Honduras (HND), Hong Kong (China) (HKG), Iran (IRN), Iraq (IRQ), Jamaica (JAM), Jordan (JOR), Kazakhstan (KAZ), Kenya (KEN), Kiribati (KIR), Korea, North (PRK), Kuwait (KWT), Kyrgyzstan (KGZ), Laos (LAO), Lebanon (LBN), Lesotho (LSO), Liberia (LBR), Libya (LBY), Macedonia (MKD), Madagascar (MDG), Malawi (MWI), Malaysia (MYS), Maldives (MDV), Mali (MLI), Marshall Islands (MHL), Martinique (MTQ), Mauritania (MRT), Mauritius (MUS), Mayotte (MYT), Micronesia (FSM), Montserrat (MSR), Morocco (MAR), Mozambique (MOZ), Myanmar (MMR), Namibia (NAM), Nauru (NRU), Nepal (NPL), New Caledonia (NCL), Nicaragua (NIC), Niger (NER), Nigeria (NGA), Niue (NIU), Norfolk Island (NFK), Northern Mariana Islands (MNP), Oman (OMN), Pakistan (PAK), Palau (PLW), Panama (PAN), Papua new Guinea (PNG), Philippines (PHL), Pitcairn (PCN), Puerto Rico (PRI), Qatar (QAT), Reunion (REU), Russia (RUS), Rwanda (RWA), Saint Helena (SHN), Saint Kitts and Nevis (KNA), Saint Lucia (LCA), Saint Pierre and Miquelon (SPM), Saint Vincent and The Grenadines (VCT), Samoa (WSM), Sao Tome and Principe (STP), Senegal (SEN), Seychelles (SYC), Sierra Leone (SLE), Solomon Islands (SLB), Somalia (SOM), South Africa (ZAF), South Georgia and The South Sandwich Islands (SGS), Sudan (SDN), Suriname (SUR), Svalbard and Jan Mayen Islands (SJM), Swaziland (SWZ), Syria (SYR), Tajikistan (TJK), Tanzania (TZA), Thailand (THA), Timor-Leste (TLS), Togo (TGO), Tokelau (TKL), Tonga (TON), Trinidad And Tobago (TTO), Tunisia (TUN), Turkey (TUR), Turkmenistan (TKM), Turks and Caicos Islands (TCA), Tuvalu (TUV), Uganda (UGA), Ukraine (UKR), United States Minor Outlying Islands (UMI), Uzbekistan (UZB), Vanuatu (VUT), Venezuela (VEN), Vietnam (VNM), Virgin Islands (British) (VGB), Wallis and Futuna Islands (WLF), Western Sahara (ESH), Yemen (YEM), Zimbabwe (ZWE), Afghanistan (AFG), Serbia (SRB), Curacao (CUW), Saint Barthelemy (BLM), Bonaire, Sint Eustatius and Saba (BES)

To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/hrt.json

We consider these countries as high risk:

Albania (ALB), Algeria (DZA), American Samoa (ASM), Andorra (AND), Angola (AGO), Anguilla (AIA), Antigua and Barbuda (ATG), Argentina (ARG), Armenia (ARM), Aruba (ABW), Azerbaijan (AZE), Bahamas (BHS), Bahrain (BHR), Bangladesh (BGD), Barbados (BRB), Belize (BLZ), Benin (BEN), Bermuda (BMU), Bolivia (BOL), Bosnia and Herzegovina (BIH), Botswana (BWA), Bouvet Island (BVT), British Indian Ocean Territory (IOT), Brunei (BRN), Bulgaria (BGR), Burkina Faso (BFA), Cambodia (KHM), Cameroon (CMR), Cape Verde (CPV), Cayman Islands (CYM), Central African Republic (CAF), Chad (TCD), China (CHN), Christmas Island (CXR), Cocos (Keeling) Islands (CCK), Colombia (COL), Comoros (COM), Congo (COG), Congo, Democractic Republic (COD), Cook Islands (COK), Costa Rica (CRI), Cote D'Ivoire (CIV), Croatia (HRV), Cyprus (CYP), Djibouti (DJI), Dominica (DMA), Dominican Republic (DOM), Ecuador (ECU), El Salvador (SLV), Faroe Islands (FRO), Falkland Islands (Malvinas) (FLK), Fiji (FJI), French Guiana (GUF), French Polynesia (PYF), French Southern Territories (ATF), Gabon (GAB), Gambia (GMB), Georgia (GEO), Ghana (GHA), Gibraltar (GIB), Grenada (GRD), Guadeloupe (GLP), Guam (GUM), Guatemala (GTM), Guinea (GIN), Guinea-Bissau (GNB), Guyana (GUY), Haiti (HTI), Heard Island and McDonald Islands (HMD), Honduras (HND), Hong Kong (China) (HKG), Indonesia (IDN), Iraq (IRQ), Israel (ISR), Jamaica (JAM), Jordan (JOR), Kazakhstan (KAZ), Kenya (KEN), Kiribati (KIR), Kuwait (KWT), Kyrgyzstan (KGZ), Laos (LAO), Lesotho (LSO), Liberia (LBR), Macau (China) (MAC), Macedonia (MKD), Madagascar (MDG), Malawi (MWI), Malaysia (MYS), Maldives (MDV), Mali (MLI), Marshall Islands (MHL), Martinique (MTQ), Mauritania (MRT), Mauritius (MUS), Mayotte (MYT), Mexico (MEX), Micronesia (FSM), Monaco (MCO), Montserrat (MSR), Morocco (MAR), Mozambique (MOZ), Namibia (NAM), Nauru (NRU), Nepal (NPL), New Caledonia (NCL), Nicaragua (NIC), Niger (NER), Nigeria (NGA), Niue (NIU), Norfolk Island (NFK), Northern Mariana Islands (MNP), Oman (OMN), Pakistan (PAK), Palau (PLW), Panama (PAN), Papua new Guinea (PNG), Paraguay (PRY), Peru (PER), Philippines (PHL), Pitcairn (PCN), Puerto Rico (PRI), Qatar (QAT), Reunion (REU), Rwanda (RWA), Saint Helena (SHN), Saint Kitts and Nevis (KNA), Saint Lucia (LCA), Saint Pierre and Miquelon (SPM), Saint Vincent and The Grenadines (VCT), Samoa (WSM), Sao Tome and Principe (STP), Saudi Arabia (SAU), Senegal (SEN), Seychelles (SYC), Sierra Leone (SLE), Solomon Islands (SLB), Somalia (SOM), South Africa (ZAF), South Georgia and The South Sandwich Islands (SGS), Suriname (SUR), Svalbard and Jan Mayen Islands (SJM), Swaziland (SWZ), Tajikistan (TJK), Tanzania (TZA), Timor-Leste (TLS), Togo (TGO), Tokelau (TKL), Tonga (TON), Trinidad And Tobago (TTO), Turkey (TUR), Turkmenistan (TKM), Turks and Caicos Islands (TCA), Tuvalu (TUV), Uganda (UGA), United Arab Emirates (ARE), United States Minor Outlying Islands (UMI), Uruguay (URY), Uzbekistan (UZB), Vanuatu (VUT), Venezuela (VEN), Vietnam (VNM), Virgin Islands (British) (VGB), Wallis and Futuna Islands (WLF), Western Sahara (ESH), Yemen (YEM), Zambia (ZMB), Zimbabwe (ZWE), Afghanistan (AFG), Serbia (SRB), Curacao (CUW), Saint Barthelemy (BLM), Bonaire, Sint Eustatius and Saba (BES)

To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/hr.json

List of countries with which we do not process any transactions:

Belarus (BLR), Burundi (BDI), Cuba (CUB), Equatorial Guinea (GNQ), Eritrea (ERI), Ethiopia (ETH), Iran (IRN), Korea, North (PRK), Lebanon (LBN), Libya (LBY), Myanmar (MMR), Palestine (PSE), Russia (RUS), Sri Lanka (LKA), Sudan (SDN), Syria (SYR), Tunisia (TUN), Ukraine (UKR), Virgin Islands (US) (VIR), South Sudan (SSD)

To access JSON version of this list in realtime please use this link: https://cdn.ge.mba/mb/prohibited.json

We are working hard to build up our set of robust and easy-to-integrate banking tools.

Apply for a business account