Disclosure Requirements
All business customers must disclose any high-risk activities during the onboarding process. This disclosure is essential for regulatory compliance and proper risk assessment.Activities Requiring Disclosure
The following business activities are classified as high-risk and must be disclosed upfront:- Money Services - Check cashing, gift card sales, ATM operations, remittance services
- Lending or Banking Services - Providing loans, credit, or banking products
- Foreign Exchange Operations - Currency exchange, virtual currency brokerage, or over-the-counter trading
- Client Fund Management - Holding funds on behalf of clients, including escrow services
- Third-Party Payment Processing - Processing payments for other businesses or merchants
Disclosure of these activities does not guarantee approval. Each case is evaluated individually based on regulatory requirements and risk factors.
Prohibited Activities
Illegal or Harmful Activities
- Unlawful or abusive activity
- Unfair, predatory, or deceptive practices
- Fraud or fraudulent schemes
- Intellectual property infringement
- Counterfeit or unauthorized goods
Regulated Goods and Services
- Weapons and firearms
- Precious metals (gold, silver, etc.)
- Jewelry and watches
- Luxury goods
- Pharmaceuticals
- Tobacco products
- Cannabis and cannabis-related products or services
- Substances designed to mimic illegal drugs
- Adult content and services
Financial Services Restrictions
- Investment or credit services (provided by customers to third parties via Fin.com)
- Digital asset exchange services (provided by customers to third parties via Fin.com)
- Money services businesses (provided by customers to third parties via Fin.com)
- Money transmission services (provided by customers to third parties via Fin.com)
- Check cashing services
- Bail bonds
- Safe deposit box rentals
- Mixing services
Gaming and Chance-Based Activities
- Games of chance
- Gambling operations
- Sweepstakes
- Lotteries
- Unlawful prediction markets
Other Prohibited Activities
- Collections agencies
- Multi-level marketing schemes
- Any business that Fin.com determines poses elevated financial risk, legal liability, or violates payment services provider rules, card network rules, or banking partner policies
Compliance Process
During onboarding, our compliance team will review your business activities and documentation to ensure alignment with regulatory requirements and our risk policies. Complete and accurate disclosure helps expedite the approval process.If your business activities change after onboarding, you must notify Fin.com immediately to reassess your account status.