Prohibited Use Policy
last updated: March 19, 2024
It is important that your use of the Guavapay Accounts and other Services is not in breach of this Prohibited Use Policy.
Prohibited countries
Guavapay abides by the Financial Action Task Force (FATF) recommendations in identifying prohibited countries via their released publications on High-Risk Jurisdictions subject to a Call for Action. As such the following jurisdictions are considered prohibited (non-exhaustive list): Democratic Republic of Korea (North Korea), Iran, Myanmar, Belarus, Russia and Cuba.
Prohibited customer types and activities:
• Arms trade and defence
• Atomic power
• Crowdfunding services / platform
• Defence related business, military and police deal
• Gambling
• Growing of Tobacco
• Illegal supplement / Illegal nutraceuticals
• Manufacture of military fighting vehicles
• Manufacturing of weapons and ammunition
• Narcotics and related accessories
• Pawn Shop
• Pornographic content and services
• Public procurement/tender
• Pyramid scheme and multi-level marketing (MLM)
• Shell corporations
• Unlicensed banks
• Unregulated law firm or accounting company
Guavapay reserves the right to amend this Prohibited Use Policy at any time.
