1. Strictly Prohibited (Hard Block)
We do not service, onboard, or process payments for any entity directly involved in:
Bearer Share Corporations
Pornography, Escort Services and Sale and/or Advertising of sexual services
Bonded Warehouses
Cash Intensive Business (e.g. Import of second hand vehicles and/or vehicle parts in HR scenarios)
Unregistered Charities
Convenience Stores
Crowdfunding
Defence and Weapons
Development Aid
Prohibited Precious Metals Activities (Artisanal and Small-Scale Mining & Loose Stones)
Embassies
Nuclear/Military Energy
Gambling and/or Gaming (Illegal)
Lobbying
Pressure Groups
Think Tanks
Crypto Currencies/Virtual Assets
Sanctions Businesses/Companies
Shell Companies
Cannabis and related products/services
2. Restricted Activities (Requires Explicit Written Approval)
These industries are generally outside of Verto’s standard risk appetite. Clients may only process these flows if they have received a specific written approval.
Cryptocurrency & Virtual Assets: Exchanges, liquidity providers, or entities where >10% of turnover is derived from crypto-asset activity.
Regulated Gambling: Licensed betting and gaming operators.
Charities & NGOs: Non-Profit Organisations, charities, and aid agencies (due to high diversion risk).
Cannabis & CBD: Licensed medicinal cannabis or CBD oil producers/traders.
Precious Metals & Stones: High-value dealers in gold, diamonds, or jewelry.
Chemicals & Pharmaceuticals: Trade in dual-use chemicals or complex pharmaceuticals.
Shell Companies / SPVs: We do not onboard Special Purpose Vehicles (SPVs) or holding companies that do not have active operations, employees, or a physical footprint ("Letterbox Companies").
Investment Schemes: Unregulated investment funds, binary options, or "get rich quick" schemes.
3. Financial Services & Downstreaming Restrictions
To prevent "Double Nesting" and opaque layering, strict restrictions apply to how our services are resold.
Prohibition on "Double Nesting": You are strictly prohibited from offering Verto-facilitated sub-accounts or payment services to other Financial Institutions such as Payment Service Providers (PSPs), Money Service Businesses (MSBs), or Electronic Money Institutions (EMIs) or Banks for the purpose of them servicing their own underlying clients.
Clarification: Verto Sub-Accounts are for End-User Corporations only.
Prohibited Countries:
Afghanistan
Belarus
Burundi
Central African Republic
Cuba
Crimea
Democratic Republic of Congo
Democratic People’s Republic of Korea (North Korea)
Donetsk People's Republic (DNR)
Equatorial Guinea
French GuianaGuyana
French Polynesia
Guinea-Bissau
Kosovo
Iran
Iraq
Lithuania
Lebanon
Luhansk People's Republic (LNR)
Libya
Macedonia
Mali
Montenegro
Myanmar
Nicaragua
Palestinian Authority/Gaza/West Bank
Russia
Serbia
Slovenia
Sudan
South Sudan
Somalia
Syria
Ukraine
Yemen
Venezuela
Zimbabwe
Zaporizhzhia Region