Non-Permitted Activity


Mitigating the risk of money laundering and terrorist financing

We place several restrictions on the type of activities, industries, and jurisdictions we support or service to mitigate risk. Failure to comply with these restrictions will result in delayed or rejected payments and continuous breaches will lead to account closures.

Non-Permitted Industries

Last Updated: October 2023

  • Adult entertainment
  • Carbon credits
  • Counterfeit items
  • Crypto currencies
  • Discriminatory items or services
  • Drug paraphernalia
  • Energy Trading
  • Financial services activities
  • Gaming
  • Narcotics / Non-prescription drugs
  • Pawnbrokers
  • Precious metals and stones
  • Speculative Trading
  • Weapons / military-grade security
  • Firms involved in illegal activities such as counterfeit goods, trademark infringement, human trafficking, child labor, and prostitution
  • Ponzi / pyramid schemes / timeshare or other illegal financial services activities

Non-Permitted Activities

  • Customers are not allowed to use our services to speculate changes in FX or process transactions deriving from crypto currencies

Non-Permitted Customer Types

  • Financial institutions making payments on behalf of other financial institutions (nested relationships or layering), shell banks or unregistered charities

Our Risk Mitigation Controls

  • Check Full oversight of every transaction
  • Check Secure, safeguarded client relevant funds
  • Check Set permissions and access levels
Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935
Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951
Sciopay Ltd is certified by the UK government-backed Cyber Essentials scheme.
© 2025 sciopay Ltd
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