Prohibited Industries & Cautionary Categories

Medici Bank does not provide accounts, nor facilitate payments to the following types of businesses:

• Arms or munitions dealer
• Charities/Foundations/Non For Profits
• Cryptocurrency Related Companies (brokers, dealers, exchanges, wallets, OTCs, miners, funds, merchant processors, crypto ATMs, video game publisher/operators with out-of-game tradable credits)
• Gambling or any Casino related businesses
• Illegal Activities (either in the USA or the jurisdictions where applicant conducts business)
• Marijuana/Cannabis/Hemp, whether medical or recreational
• Medical Equipment
• Money Services Businesses (money transmitters, check cashing, wire transfers, money orders, currency exchanges or dealers, bail bonds, collections agencies, payment aggregators)
• Mortage, Debt, and Credit Services (mortgage/loan consulting, debt reduction, credit counseling or repair, pay-day lenders)
• Multi-Level Marketing (pyramid schemes, network marketing, referral marketing, affiliate marketing)
• Pass-through transactions and Payable-through accounts (PTA)
• Politically Exposed Persons/Businesses (PEPs)
• Prescription drugs or controlled substances
• Pornography, obscene material or adult entertainment
• Precious Metals
• Reselling prepaid cards or gift cards/certificates
• Tobacco, cigarettes or e-cigarettes

Transactions Subject to Enhanced Review

While we monitor all transactions to ensure compliance with relevant banking law, you can expect us to afford enhanced reviews of certain transactions which may be considered higher risk and warrant additional information in order to be process (whether inbound or outbound). Payments related to any of the following categories are likely subject to enhanced review prior to processing.