This list summarises the business types Plaitr does not onboard and those that require Enhanced Due Diligence and prior written approval. It is read together with the Plaitr Prohibited Use Policy and the requirements of Plaitr's licensed payment partners.
1. Categorically prohibited
- Any activity involving sanctioned individuals, entities, or jurisdictions
- Money laundering, terrorist financing, and proliferation financing
- Human trafficking, forced labour, child exploitation, and CSAM
- Unlicensed money services, currency exchange, money transmission, or virtual-asset brokerage
- Cryptocurrency mixers, tumblers, and privacy-enhancing coin services
- Unlicensed securities offerings, ICOs, and secondary NFT marketplaces where used to evade securities law
- Multi-level marketing, pyramid schemes, and high-yield investment programs
- Debt-collection agencies operating without licence; bail bonds
- Adult content businesses; escort and companionship services
- Unlicensed marijuana- and cannabis-related operations
- Tobacco and vape sales where prohibited by jurisdiction
- Unlicensed weapons, munitions, and dual-use military goods
- Narcotics and controlled substances outside licensed medical channels
- Wildlife trafficking and trade in endangered species
- Counterfeit, replica, and IP-infringing goods
- Market manipulation, insider trading, and other capital-markets abuse
- Ransomware operators, initial access brokers, and other cyber-crime revenues
- Predatory or deceptive practices, including “get rich quick” schemes
- Shell companies without demonstrable operations
2. Restricted: Enhanced Due Diligence and prior written approval
Licensed operators in the following categories may be considered on a case-by-case basis, subject to Enhanced Due Diligence and prior written approval by Plaitr:
- Licensed money services, remittance, and payment institutions
- Licensed financial institutions, broker-dealers, and securities platforms
- Licensed virtual-asset service providers and regulated exchanges
- Licensed precious metals, jewellery, and high-value goods dealers
- Licensed pharmaceutical, nutraceutical, and medical-device businesses
- Licensed gaming and gambling operators in compliant jurisdictions
- Charities, NGOs, and religious organisations
- Politically Exposed Persons and PEP-controlled entities
3. Alignment with partner requirements
This list is aligned with, and where applicable stricter than, the restricted-business requirements of Plaitr's licensed payment partners. Users may be subject to additional partner-specific restrictions communicated at account opening.
4. Changes and enforcement
Plaitr may update this list at any time. Users are expected to notify Plaitr promptly of any change in their business that would bring them into scope. Plaitr may suspend or terminate accounts engaged in restricted or prohibited activity.
5. Contact
Questions: compliance@plaitr.com.