As part of our ongoing commitment to mitigate the risk of money laundering and terrorist financing.
EWG is committed to complying with all applicable laws and regulations including those related to anti-money laundering, counter-terrorism financing, sanctions, and export control laws. We maintain policies and procedures , controls, and requirements to help protect our platform. In addition, our banking partners also maintain requirements and restrictions that must be adhered to, including restrictions on certain industries, activities, and countries, as listed below. Failure to comply with these restrictions can result in delayed payments or declined payments with continuous breaches leading to account closure.
Non-permitted industries – global
- Weapons / military-grade security
- Multi-level marketing
- Pawnbrokers [MCC: 5933 - Pawn Shops]
- Political organizations [MCC: 8651 - Organizations, Political]
- Precious metals and stones, including diamond traders [MCC: 5094 - Precious Stones and Metals, Watches and Jewelry]
- Unauthorized re-sale of luxury goods - including watch traders
- Adult entertainment
- Drug paraphernalia
- CBD and related products
- Carbon credits, including carbon credits traders
- Cryptoassets
- Gambling [MCC: 7995 - Betting (including Lottery Tickets, Casino Gaming Chips, Off - track Betting and Wagers)]
- Ponzi / pyramid schemes
- Firms involved in the servicing of illegal goods/services including but not limited to: counterfeit goods/trademark infringement, human trafficking, child labor, prostitution.
- Mining and extraction
- Scrap metal traders
- Energy traders
- Speculative trading
Non-permitted industries – United States of America
- Chemicals
- FDA classified medical devices
- Medications or prescription drugs
- Alcohol [MCC: 5813 - Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail lounges, Nightclubs and Discotheques]
- Tobacco [MCC: 5993 - Cigar Stores and Stands]
- Seeds or plants [MCC: 5193 - Florists Supplies, Nursery Stock, and Flowers]
- Regulated financial services
- Outbound telemarketing [MCC: 5966 - Direct Marketing-Outbound Telemarketing Merchants]
- Adult Content and Services, including, but not limited to, pornographic services and goods, adult entertainment related activities, or escort services.
- Gambling activity where not legal where the customer resides oroperates.
- Marijuana activities, including the creation, facilitation, sale or distribution of marijuana or marijuana paraphernalia, regardless of whether or not such sale is lawful in the jurisdiction in which customer operates.
- Telemarketing activities.
- Activity that requires a governmental license in the jurisdiction in which the customer operates where the customer lacks such a license.
- Activity that violates the intellectual property rights of any third party.
- Activity that promotes discrimination, bigotry, or violence.
- Companies that produce, manufacture, or sell weapons, including the facilitation, sale or distribution of firearms or other weapons, militarygoods, military software, or technologies.
- Chemicals, including the facilitation, sale, or distribution of chemicals across borders.
- Dietary supplements, including the facilitation, sale, or distribution of dietary supplements across borders.
- Medical devices and medications, including the facilitation, sale or distribution of drugs, prescription medications, or medical devices across borders.
- Businesses that are engaged in brokering or facilitating transportation of international freight or international trade finance
Non-permitted client types - global
- Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘layering.’
- Shell banks, otherwise known as banks without physical presence (office) in any country.
- Unregistered charities
Non-permitted client types - United States of America
- Bearer share corporations.
- Embassies and Consulates other than those of the United States or its Permanent Missions.
- Companies that facilitate the creation, sale, distribution, custody, or exchange of digital assets, including utility coins and initial coin offerings.
- Government agencies other than those of the United States and the respective States.
- Numbered or Designated Name Accounts.
- OFAC Listed countries, businesses, organizations, entities, or individuals.
- Shipping companies
Non-permitted activities
- Clients are not allowed to use our services to speculate changes in FX
- Transactions deriving from crypto currencies
- Remittances funded in cash
