Prohibited Business industries and individuals:

IndustryRisk Rating
Lottery, Gambling and Gaming, including payoutsProhibited
Crowd fundingProhibited
Bitcoin and other CryptocurrenciesProhibited
Pay day lendersProhibited
Pornography and AdultProhibited
Shell companies [organizations with no physical presence, or meaningful decision making and / or management]Prohibited
Unregistered Charities, Unregistered company, company outside UK or outside AB Money risk appetiteProhibited
Any business linked to trading active arms and Lethal WeaponsProhibited
Anything related to illegal drugs (as defined in the UK), including, for the avoidance of doubt, drug paraphernaliaProhibited
Binary options tradingProhibited
Private security firmsProhibited
Diamond and precious metal merchants, including jewelersProhibited
Debt management and collectionProhibited
Political and Religious OrganizationsProhibited
MSBs (unregistered or non-regulated)Prohibited
Transactions involving Human OrgansProhibited
The sale or distribution of stolen goods (including digital and virtual goods), counterfeit goods and violation of intellectual property, or items that violates individual privacy (revenge porn)Prohibited
Any industry known to be an illegal industry in its local jurisdictionProhibited
Financial Pyramid or Ponzi SchemesProhibited
Crowd fundingProhibited

High Risk Business Industries and Individuals:

The following businesses/individuals are deemed to be higher risk by the business and will need EDD to be performed. The MLRO will advise the onboarding team as needed / requested, on a case-by- case basis, the appropriate and required action to take.

IndustryRisk Rating
Banking & capital marketsHigh
Gold Trader & High Value products (such as precious metals including precious stones)High
Government & public sectorHigh
Oil & gasHigh
Asset & wealth managementHigh
MetalsHigh
Pharmaceuticals & life sciencesHigh
ChemicalsHigh
MiningHigh
Private equityHigh
Real Estate & Estate AgentHigh
Fireworks and related goodsHigh
Anything linked to military contracts. (Note – if also linked to Lethal Weapons, then this becomes prohibited)High
Cultural Artifacts and Art DealersHigh
Ivory or other items related to protected species, or archaeological, historical, religious significance of rare scientific valueHigh
Any products harmful to human health - tobacco, e-cigarettes and e-liquidHigh
Cash and Cheque Handling: Cheque Cashing, Deposit Taking, Cash Transfer Financial ServicesHigh
Credit repair, Debt RestructuringHigh
Debt recovery, Debt settlement, Debt CollectionsHigh
Production of Adult or Violent contentHigh