Prohibited and Restricted Activities & Businesses

Effective from November 1st , 2021

FM Finance Ltd. has regulatory, contractual and ethical obligations to prevent its services from being used to achieve financial and other advantages from criminal activities. Criminal activity means any kind of criminal involvement in the commission of any offence punishable, in accordance with national law, resulting in sanction or deprivation of liberty or a detention.


To meet these obligations, some business may be prohibited or restricted. Whether your business may be classified as an Original Credit Transfer (OCT) Client or an E-Commerce Merchant, your service agreement with us subjects you to our prohibited and restricted businesses and activities.

Criminal Activities and Businesses

  • Participation in an organised criminal group and racketeering
  • Terrorism
  • Trafficking in human beings and migrant smuggling
  • Sexual exploitation
  • Illicit trafficking in narcotic drugs and psychotropic substances
  • Illicit arms trafficking
  • Illicit trafficking in stolen goods, controlled, banned and other goods
  • Corruption
  • Fraud
  • Counterfeiting of currency
  • Counterfeiting and piracy of products
  • Environmental crime
  • Murder, grievous bodily injury
  • Kidnapping, illegal restraint and hostage-taking
  • Robbery or theft
  • Smuggling
  • Tax crimes relating to direct and indirect taxes, as laid down in national law
  • Extortion
  • Forgery
  • Piracy
  • Insider trading and market manipulation
  • Cybercrime

Prohibited Activities and Businesses:

When entering into an agreement with FM Finance Ltd. and using our services you are confirming that you are not offering or are affiliated to the products or services listed as prohibited. Any company engaged in the below activities will not be accepted by FM Finance as a customer.
  • Animals and wildlife products classified as endangered or protected
  • Bearer share entities
  • Binary Options
  • Business investment opportunities operating as “get rich quick schemes”
  • Business models that use ransom or extortion like practices, or business models with trial periods or subscriptions
  • Business practices that are designed to evade excessive chargeback monitoring programs
  • Cannabis dispensaries and related businesses
  • Counterfeit products, replicas or designed infringements of them including products designed to circumvent IP
  • Credit repair and credit protection business
  • Crowdfunding
  • Decryption and descrambler products and services, devices designed to block, jam or interfere with cellular and personal communications
  • Drop Shipping
  • Drugs, and tools specifically intended for the production of drugs, drug paraphernalia, illegal drugs, substances designed to mimic illegal drugs and / or other psychoactive products, products or services specifically offered or intended to be used to create, produce or grow drugs or drug ingredients
  • Escort agencies, massage parlour, sexual services.
  • Essay mills, paper mills where the intent is to falsely submit documents as their own work
  • Fake references and other services or products that foster deception
  • Hawala payments, payments an agent who then instructs an associate in the relevant country or area to pay the final recipient
  • Human body parts or bodily fluids (excluding hair and teeth)
  • Independent or unlicensed financial advisors
  • Mail order spouse or international match-making services
  • Pawn shops
  • Payday loans and unsecured loans
  • Piracy and illegal streaming, products designed to circumvent copyright protection techniques or to otherwise facilitate the unlicensed use of copyrighted material
  • Political, religious or Social Campaigning
  • Products or services that promote hate, violence, discrimination, terrorism, harassment or abuse in any shape or form
  • Pyramid selling, chain letters or other financial scams
  • Sexually Explicit Content including but not limited to production, distribution and advertisement related to: defecation, beastiality, death or simulated death, rape or simulated rape, or any materials that depict explicit sex scenes or pornography involving a child or adolescent
  • Shell banks and shell companies
  • Telemarketing companies selling products or services as an agent for a third party
  • The use of FMPay’s logo and IP without express permission or in a way that creates reputational risk for FMPay
  • Trade of fireworks, flammable, hazardous or radioactive materials
  • Trade of weapons, ammunitions, military arms, explosive devices and firearm parts

NOTE:

No activity may be conducted in a geography (country or region) that is the subject of applicable sanctions, such as those identified by OFSI and OFAC.

No activity may be conducted with a person, entity, or government on the OFSI and OFAC sanctions lists. A customer must immediately cease any activity with a person, entity, or government identified as listed on any of the requisite sanctions lists.

Restricted Activities and Businesses:

When entering into an agreement with FM Finance Ltd. and using our services you will be required to provide additional information and/or implement additional mitigation measures to support the activities or services listed as restricted. Also, some activities may be allowed in some jurisdictions but banned in other so your operations with us will be tailored accordingly.
  • Aggregators, including but not limited to marketplaces, platforms
  • Alcohol sales
  • Airlines
  • Art dealers and galleries
  • Casual dating services
  • Charities
  • Cloud storage, VPN, file sharing, (high-risk) cyber lockers
  • Debt repayment and collection agency
  • E-wallet or e-money that can be monetized, re-sold or converted to physical and digital goods and services or otherwise exit the virtual world
  • Gambling and lotteries
  • Gaming, bidding fee auctions; sports forecasting, or odds making; fantasy sports leagues with cash prizes; internet gaming;
  • Governmental services, such as embassies or consulates
  • Health practitioners, private medical practices, e-doctors, dental/medical services and facilities
  • High-risk securities such as: contract for difference (CFD), financial spread betting, initial coin offering (ICO), forex currency options, cryptocurrency options, trading and purchases
  • Insurance sales and services
  • Jewelry, watches, precious stones, metals and silverware stores
  • Live-streaming Services
  • Money transfer & remittance businesses
  • Multi-level marketing
  • Payment service companies, including but not limited to peer-to-peer, bill payments, commissary accounts
  • Payroll, invoice & business services
  • Pharmaceuticals, prescription medicine and medical devices (including animal pharmaceuticals)
  • Prepaid access/stored value
  • Real estate services
  • Tobacco, smoking supplies, e-cigarettes, e-liquids, vaping liquid, vaping accessories, nutraceuticals and food products, including, but not limited to CBD and Hemp seed related products
  • Virtual currency or stored value

If you are in doubt or need further clarification about whether your activities are prohibited or restricted, please contact FMPay at info@fmpay.co.uk