FCY prohibited activities and countries

As a service provider, it is crucial to adhere to international regulations and compliance standards. Therefore, we have established strict guidelines to ensure the security and legality of our services. Our Multicurrency Virtual Account (MCY) solution is designed to facilitate seamless transactions across multiple currencies; however, to maintain the integrity and trustworthiness of our platform, certain activities and countries are prohibited from accessing our services.

We are committed to providing a secure and compliant financial environment. This involves preventing illicit activities such as money laundering, terrorist financing, and fraud. To this end, we continuously monitor and update our policies in accordance with global regulatory frameworks and best practices.

Prohibited Activities

The following activities are not allowed using our MCY accounts:


Anonymous accounts	Casinos/Gambling industry entities that do not have proper licence or are licensed outside of EEA
Private Banking	Sanctioned persons and businesses, as well as where the sanction is very high
Downstream correspondent banking	Merchants included in Visa and MasterCard blacklists.
Companies engaged in pharmacy/food supplements	Companies which business line consists of payment services, crypto exchange and other activities that may be subject to ""nesting""
Cash	Companies with incorporation form LP/LLP
Companies registered in Offshore Business Centres/tax havens	Arms, defence, military, atomic power
Charities	Other entities whose activity and fund flow have lack of economic meaning (eg: suspected shell companies)
CFD	Entities that business line consists of trading with Cannabis/ CBDs
Bestiality, Rape, Pornography	Forex
Non-Government Organizations	Synthetic stimulants
Trusts and similar arrangments	Illegal Drugs; Illegal Sale of Prescription Drugs
Multi-level Marketing	Unlicensed service providers
Arms trade	Crowdfunding, ICO’s (Initial Coin Offering), IEO’s (Initial Exchange Offering), STO’s (Security Token Offering)

High-risks Activities

In addition to prohibited activities, certain high risk activities are subject to enhanced scrutiny and may not be eligible for MCY accounts:


Privacy coins	Lottery
Gambling	Multi-level marketing
"Providing services to Customers that are banks, payment service providers or other types of financial institutions."

Restricted Countries

Due to regulatory and compliance requirements, the Fincra MCY Account Product is not available for users in the following countries:


Afghanistan	Albania	American
Samoa	Anguilla	Antigua and Barbuda
Bahamas	Aruba	Belarus
Bermuda	Burkina Faso	Barbados
Burundi	Cambodia	Cayman Islands
Central African Republic	Congo	Democratic Republic of the Cook Islands
Cuba	Curaçao	Dominica
Fiji	Guam	Guinea
Guinea-Bissau	Haiti	Iran
Iraq	Jamaica	Jordan
Korea (Democratic People's Republic of Korea)	Libya	Mali
Marshall Islands	Morocco	Myanmar (Burma)
Nicaragua	Pakistan	Palau
Palestine	Panama	Philippines
Russian Federation	Saint Kitts and Nevis	Saint Lucia
Saint Vincent and the Grenadines	Samoa	Senegal
Seychelles	Somalia	South Sudan
Sudan	Syrian Arab Republic	Trinidad and Tobago
Turks and Caicos Islands	Uganda	Vanuatu
Venezuela (Bolivarian Republic of Venezuela)	Virgin Islands (British)	Virgin Islands (U.S.)
Yemen

By restricting access to our services in these countries and prohibiting certain activities, we ensure that our platform remains safe, secure, and compliant with global financial standards.

If you have any questions or need further information, please contact our support team.