As part of onboarding and ongoing monitoring, all customers must fully disclose their business activities to BlindPay. This helps us run the right risk assessments, apply appropriate controls, and stay compliant with AML/CFT, sanctions, and regulatory requirements.
Failure to disclose relevant activities may result in onboarding rejection, account suspension, or termination.
High-Risk Business Activities
Allowed with disclosure, risk assessment, and enhanced controls.
The following activities are considered high risk. Being in one of these categories does not automatically disqualify you, but will require enhanced due diligence and ongoing monitoring. You must disclose these activities during onboarding.
This list is not exhaustive:
- Money services, payment processing, or funds transmission (MSBs, PSPs, P2P platforms, prepaid/gift cards, ATMs)
- Virtual asset service providers (VASPs), including crypto exchanges, wallet providers, custody or escrow services, and stablecoin issuers
- Licensed gambling, betting, or gaming operators
- Securities brokers or crowdfunding platforms
- Businesses with complex or multi-layered ownership structures
Prohibited Business Activities
Not supported under any circumstances.
BlindPay does not provide services to businesses engaged in the following activities, directly or indirectly, regardless of jurisdiction or licensing claims.
| Category | Description |
|---|---|
| Adult Content and Sexually Oriented Services | Businesses offering or facilitating sexually explicit, obscene, or adult-oriented content or services. |
| Drugs, Controlled Substances, Alcohol and Pseudo-Pharmaceuticals | Sale, distribution, or facilitation of illegal, controlled, or unregulated substances, including unlicensed pharmaceuticals. |
| Weapons, Ammunition and Explosives | Entities trading or dealing in weapons, firearms, ammunition, or weapon-related products. |
| Gambling, Betting and Games of Chance (Unlicensed) | Any business involving unlicensed or prohibited games of chance or gambling-related services. |
| Financial Crime-Linked Businesses and Fraudulent Models | Ponzi schemes, pyramid schemes, or any model indicative of fraud, including unlicensed money services and shell banks. |
| Hate, Violence, Terrorism and Discriminatory Activity | Activities promoting or enabling harm, hate, exploitation, or terrorism, including known terrorist organizations. |
| Sanctioned and Illicit Entities | Entities or individuals on OFAC, EU, UN, or other sanctions lists, or operating from prohibited jurisdictions under comprehensive embargoes. |
| Politically Exposed Persons (PEPs) | Businesses where a principal owner or controlling person is a PEP. Identified associations are declined during onboarding. |
| Identity Fraud, Anonymity Misuse and Shell Structures | Anonymous or fictitious accounts, bearer share companies, or entities designed to obscure beneficial ownership. |
| High-Risk Lending and Predatory Financial Services | Predatory or non-compliant financial products, including abusive lending practices. |
| Governmental, Diplomatic and Political Entities | Government bodies, embassies, consulates, supranational organizations, and diplomatic entities. |
| Data Misuse and Consumer Privacy Violations | Businesses that compromise customer data or privacy. |
| Intellectual Property Infringement and Counterfeit Goods | Entities selling, distributing, or enabling IP-infringing or counterfeit products. |
| Tobacco and Tobacco-Related Products | Manufacture, distribution, or sale of tobacco products and related services. |
| Charities and NGOs | Non-governmental organizations, charitable foundations, and nonprofit entities. |
| Legal, Notarial and Professional Services | Lawyers (including IOLTA accounts), notaries, trustees, and accountants. |
| Banking and Correspondent Entities | Foreign banks, offshore banks, private banking, correspondent accounts, payable-through accounts, and concentration accounts. |
| Retail, Hospitality and Consumer Goods | Liquor stores, convenience stores, restaurants, and jewelry or precious metals dealers. |
| Investment and Asset Management | Non-deposit investment products, trust and asset management services, and trade finance activities. |
| Construction | Construction companies, general contractors, and related service providers. |
Consequences of Violation
If prohibited activity is identified:
- Account Review: The account will be reviewed and subject to suspension or termination
- Fund Freezing: Funds may be frozen pending investigation
- Legal Notification: Relevant partners and authorities may be notified in accordance with legal and contractual obligations
Reporting Violations
If you become aware of any prohibited activities on our platform, report them to compliance@blindpay.com. Your cooperation helps maintain the integrity and safety of our platform for all users.