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Prohibited and Restricted Industries & Business Activities
Prohibited and Restricted Industries & Business Activities

Learn which industries or business activities have onboarding restrictions or limited access to our full range of services.

Sabrina Maly avatar
Written by Sabrina Maly
Updated over 4 months ago

In general, amnis shall not onboard clients engaged in businesses or activities that are illegal, conducted without required licenses or permissions, or present an excessive reputational risk (including any material adverse media) for amnis and/or the Liechtenstein financial center.

Furthermore, amnis will not do business with groups, legal entities, bodies, and similar entities that have been sanctioned for major offenses, regardless of when the client was sanctioned and the jurisdiction(s) in which the sanctions were imposed.

In accordance with applicable laws, regulations, and our risk policy, the following rules apply:

Prohibited Client Types and Prohibited Payment Flows

If one or more of the below attributes apply to you/your company, please do not proceed with the onboarding since we cannot open an amnis account for you.

  • Groups, legal entities, bodies, and similar covered by UN resolutions and EU acts on financial sanctions

  • Groups, legal entities, bodies, and similar which have been sanctioned for major offences irrespective of when the client was sanctioned and the jurisdictions in which it was sanctioned

  • Businesses domiciled or banking in jurisdictions designated non-cooperative by FATF

  • Shell companies (a company with no physical presence involving effective decision-making, operations or assets other than cash or equivalents of cash)

  • Shell banks (a bank, which is based in a country in which it has no physical presence involving meaningful decision-making and management and which is not officially connected to a regulated financial group)

  • Bearer share corporations

  • Unregistered charities, NGO's

  • Holding companies of private individuals

  • Investment companies

  • Entity not holding appropriate licenses under applicable law in the countries

  • Any business relating to pornography, escort services, and sale and/or advertising of sexual services (Adult services)

  • Multi-Level Marketing Industry (MLM)

Restricted Client Types and Restricted Payment Flows

If you find your company's industry and/or business activity on the list below, we may require you to provide us with additional information during the onboarding process and we may not be able to offer the full scope of services (e.g. virtual IBANs). Please note that onboarding may be subject to management approval.

  • Precious metals and stones dealers

  • Private-to-private money remittance involving cash

  • Labour Broker

  • Debt Collection

  • Embassies, Diplomatic Missions and Consulates

  • Private Security Firms/Private Military Contractors

  • Sales involving weapons, ammunition and defence equipment

  • Sexually explicit content

  • Casinos and other Wagering Institutions (Gambling activities)

  • Providers of Online Lottery including Internet Gambling

  • Non-Fiat Currency

  • Bidding fee auctions (penny auctions)

  • Used Automobile Dealers and Sellers of used car parts

  • Flows not related to commercial transactions

  • Crowdfunding, crowdlending and similar activities businesses

  • Marketplaces

  • Import/export and cross-border logistics companies including maritime and land-based shipping

Please note that amnis follows internal policy rules as well as all relevant banking partners' regulations, so the above list is subject to change.

If you are unsure whether you should proceed with the onboarding, feel free to contact our support team (via live chat, email or phone).

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