MBEEPAY Prohibited (High Risk) Industries & Activities

 

Transactions related to any of the following activities are considered as high-risk and are prohibited for MBEEPAY clients.

 

• Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, including without limitation host country requirements related to environmental, health and safety and labour aspects;

• Production or trade in weapons and munitions;

• Production or trade in alcoholic beverages (including beer and wine);

• Production or trade in tobacco;

• Trade in wildlife or wildlife products regulated under CITES;

• Production or trade in radioactive materials;

• Commercial logging operations or purchase of logging equipment for use in primary tropical moist forest;

• Production or trade in pharmaceuticals subject to international phase outs or bans;

• Production or trade in pesticides/herbicides subject to international phase outs or bans;

• Drift net fishing in the marine environment using nets in excess of 2.5km. in length Production or activities involving harmful or exploitative forms of forced labour/harmful child labour;

• Production or trade in ozone depleting substances subject to international phase out;

• Production or trade in wood or other forestry products from unmanaged forests;

• Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals;

• Any business relating to pornography or prostitution;

• Quarries, mining, or processing of metal ores or coal;

• Giving or receiving gifts that could be interpreted as intending to influence business decisions;

• Abusing confidential or material, non-public information;

• Trading of Animal Fur, Bones and Ivory;

• Diamond trading without Kimberley Certification;

• Indecent and Obscene material including child pornography;

• Cultural objects like sculptures, statues, antiques, collectors items, archeological pieces especially from Iraq;

• Trading of Fireworks, explosives and Nuclear Weapons;

• Drug trafficking including chemicals used to manufacture synthetic drug or drugs;

• Vessel security;

• Human Body Parts and Pathogens;

• Non-licensed Offline Gambling/Betting/ Casino/Horse Racing/Bingo/Sports Betting;

• Non-licensed Online Casino/Online Poker/ Online Gambling/Online Betting/Prize Draws/ Gift   Cards/Any form of Lottery/Scratch cards;

• Bearer shares and bonds;

• Trading in Derivatives/Options/Hedging;

• Donations/Charities;

• Money exchange dealer;

• Jewel, Gem, Precious metal dealers;

• Cash Pooling Structure;

• Non-licensed Forex/Binary Options.

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