Restricted businesses

Businesses in this category require Enhanced Due Diligence by ONE PAYMENTS:

Content Creation Platforms

• platforms that allow its users to host, distribute and create content to receive content-related considerations in exchange for their content.

Pharmaceuticals, medical devices, and Telemedicine

• online pharmacies;
• prescription-only and regulated medical devices;
• telemedicine and telehealth services.

Alcohol and Tobacco

• alcoholic beverages;
• tobacco Products (excluding e-vapourisers);
• production equipment specifically marketed for the production of alcoholic or tobacco products.

Non-Fiat Currency and Stored Value

• first-Party non-fungible tokens (NFT) minting and sales;
• licensed and regulated Crypto Exchanges;
• sale of stored value or credits.

Financial Services

• investment and brokerage services;
• loan services;
• bank account funding;
• buy now, pay later services;
• money transmitters, remittances, currency exchange services, and other payment-related services;
• trust services;
• personal/private investment vehicles/companies;
• licensed and regulated insurance companies;
• digital and traditional banks.

Precious Stones and Metals Dealer

• precious stones and metal dealers, retailers;
• luxury goods and/or products dealers, retailers.

Travel

• travel reservation services and clubs;
• in-flight purchases;
• charter and private airlines;
• timeshare services.

Any other business and/or industry deemed as high-risk by the Compliance Officer/MLRO, or in accordance with the NRA and/or MAS.