Prohibited industries and countries
Prohibited Industries
As of July 24th, 2024 the below business types are NOT supported by Capi Money due to heightened risk, incompatibility with our banking partners or undesirable brand association:
- Any illegal products or services
- Adult content
- Videos
- Magazines
- DVDs
- Galleries
- Binary options
- CBD oil and related products
- Credit card/identity theft protection
- Cyberlockers/file sharing
- Cash advances, cash gifting
- Chain letters
- Check cashing
- Credit repair services
- Cruises
- Debt collection agencies
- Debt consolidation
- Drug paraphernalia
- Extended warranties
- Firearms
- Foreclosure protection
- Fortune tellers
- Grant assistance
- Investment programs/business opportunities
- Marijuana dispensary
- Mail order brides
- Medical benefits/discounts
- Mortgage modification/reduction
- Nested payments
- Payday lending
- Replica/counterfeit goods
- Shell companies
- Timeshare
Banned countries
As of July 24th, 2024, Capi Money will deny onboarding to any client that does business in any of the following banned countries:
- North Korea (Democratic People’s Republic of Korea - DPRK)
- Iran
- Syria
- Ukraine (specifically Crimea, Donetsk and Luhansk regions)
- Belarus
- Russia
Doing business refers to engaging in commercial, financial, or trade activities with entities, individuals, or the government of a banned country.
Prohibited Countries
As of July 24th, 2024, clients with a primary business location in the below countries/jurisdictions do not qualify for Capi Money’s service:
- Afghanistan
- Algeria
- Bangladesh
- Cambodia
- Central African Republic
- Cuba
- Democratic Republic of the Congo
- Guyana
- Holy See
- Iraq
- Laos
- Lebanon
- Libya
- Myanmar
- Nicaragua
- Pakistan
- Palestine
- Qatar
- Somalia
- Sri Lanka
- South Sudan
- Sudan
- Vanuatu
- Venezuela
- Vietnam
- Yemen
- Zimbabwe
- Tunisia
A primary business location means a main location or headquarters where the central operations of a business are carried out or where its top management and key administrative functions are located.
These lists are updated at least yearly. Applicants declined based on location may reapply at any time.
