Industries we serve

In general, iBAN-X serves businesses across the globe. Get in touch with our sales team for any specific industry-related query. 

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Restricted Industries

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iBAN-X S.A. may have the following as their underlying customers, subject to additional due diligence and approvals from correspondent bank.

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• Financial and insurance activities

• Professional, scientific and technical activities (barristers at law, solicitors, bookkeeping, financial management)

• Gambling and betting activities

• Activities of religious, political and other membership organizations, 

• Charities, social service organizations and other non-profit organizations

• Adult services, dating and escort services

• Affiliate marketing schemes

• Cannabidiol "CBD“

• Crowdfunding, crowdlending and similar business activities

• Marketplaces

• Virtual currencies/ Crypto asset firms

• Weapons

• Wholesale and retail trade, repair of motor vehicles and motorcycles, trade of motor vehicle parts and accessories if high value goods

• Manufacturing, wholesale and retail trade of pharmaceutical goods

• Manufacturing, wholesale and retail trade of watches and jewelry, commercial art galleries, antiques including antique books in stores if high-value goods and other high-value goods

 

Prohibited Industries

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iBAN-X S.A. does not onboard, nor will it process the relevant payment flows.

• Manufacture of explosives, weapons and ammunition, military fighting vehicles

• Weapons of war, automatic weapons, ammunitions or defense equipment, includes merchants involved in the sales, intermediation or commerce

• Manufacture of mortars

• Precious metals production

• Processing of nuclear fuel

• Groups, legal bodies or similar subject to international sanctions or embargoes

• “Non-standard” or “non-transparent” activities – those carried out through special-purpose or assimilated legal entities

• Bidding fee auctions, penny auctions, or any type of all-pay auction

• Shell banks and shell companies

• Bearer share corporations and companies

• Physically present Adult Services

• Unregulated or offshore holding/investment companies involved in managing or investing own- or third-party funds

• Any involvement in the sale or marketing of Binary Options