What activities are prohibited at Micco ?

At present, the financial institutions we work with are unable to support operations that present risks (brand, financial or otherwise) to the institutions themselves or their partners. In addition, we have to comply with the requirements of the payment networks and institutions that help us operate (such as MasterCard), as well as the laws of each country in which we operate.

At present, the sectors in which it is impossible to open Micco accounts are as follows:

Category	Restricted activities
Substance-related activities	Tobacco culture and products Manufacture of tobacco products Marijuana culture and illicit marijuana products
Financial and regulatory risk activities	Shell banks Trust & off-shore company service providers Company domiciliation businesses Non-licensed money service businesses and payment services providers Crypto-assets trading, exchange, and custody platforms Crypto-currency mixing activity Money remittance Currency dealer & exchangers, FOREX
Industries with a high environmental impact	Extractive industries such as oil, gas, and coal, including the extraction, processing, commerce, and other related activities Nuclear material and power generation Palm oil production Polluting or dangerous industry chemicals
Controversial or sensitive activities	Weapons and defense materials providers Prostitution and escort services Adult entertainment (pornography or similar activities)
Gaming and entertainment	Gambling industry, including video games classified as online gambling Game publisher of online games that permit value transfer between gamers O nline bartering services
Other	Religious activities Precious stones, gems, and jewels

Note: being eligible to apply for an account does not necessarily mean that the account will be approved.

What are the conditions for opening a Micco business account?

Category

Restricted activities