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As part of UQPAY’s efforts to reduce money laundering and terrorist financing risks, the platform restricts certain industries, activities, and countries. Violations may result in delayed or rejected payments, with repeated breaches potentially leading to account suspension.

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Non-permitted industries — global

  • Weapons / military-grade security
  • Multi-level marketing
  • Pawnbrokers [MCC: 5933]
  • Political organizations [MCC: 8651]
  • Precious metals and stones [MCC: 5094]
  • Adult entertainment
  • Drug paraphernalia
  • CBD and related products
  • Carbon credits
  • Cryptoassets
  • Gambling [MCC: 7995]
  • Ponzi / pyramid schemes
  • Firms servicing illegal goods/services (counterfeits, human trafficking, child labor, prostitution)
  • Mining and extraction
  • Speculative trading

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Non-permitted industries — United States of America

  • Chemicals
  • FDA classified medical devices
  • Medications or prescription drugs
  • Alcohol [MCC: 5813]
  • Tobacco [MCC: 5993]
  • Dietary supplements
  • Seeds or plants [MCC: 5193]
  • Regulated financial services
  • Outbound telemarketing [MCC: 5966]

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Non-permitted client types

  • Financial institutions making payments for other financial institutions (“nested relationships” or “layering”)
  • Shell banks
  • Unregistered charities

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Non-permitted activities

  • Speculating on FX changes through the platform
  • Transactions derived from cryptocurrencies