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
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Professional, scientific and technical activities (barristers at law, solicitors, bookkeeping, financial management)
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Gambling and betting activities
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Activities of religious, political and other membership organizations,
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Charities, social service organizations and other non-profit organizations
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Adult services, dating and escort services
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Affiliate marketing schemes
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Cannabidiol "CBD“
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Crowdfunding, crowdlending and similar business activities
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Marketplaces
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Virtual currencies/ Crypto asset firms
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Weapons
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Wholesale and retail trade, repair of motor vehicles and motorcycles, trade of motor vehicle parts and accessories if high value goods
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Manufacturing, wholesale and retail trade of pharmaceutical goods
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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.
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Manufacture of explosives, weapons and ammunition, military fighting vehicles
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Weapons of war, automatic weapons, ammunitions or defense equipment, includes merchants involved in the sales, intermediation or commerce
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Manufacture of mortars
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Precious metals production
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Processing of nuclear fuel
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Groups, legal bodies or similar subject to international sanctions or embargoes
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“Non-standard” or “non-transparent” activities – those carried out through special-purpose or assimilated legal entities
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Bidding fee auctions, penny auctions, or any type of all-pay auction
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Shell banks and shell companies
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Bearer share corporations and companies
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Physically present Adult Services
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Unregulated or offshore holding/investment companies involved in managing or investing own- or third-party funds
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Any involvement in the sale or marketing of Binary Options