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Non-permitted activity on SWIFT Payments

/Non-permitted activity on SWIFT Payments

As part of our ongoing commitment to mitigate the risk of money laundering & terrorist financing., PAA CAPITAL has placed a number of restrictions on the type of industries, activities, and countries we are able to support and service.

Failure to comply with these restrictions can result in delayed payments or rejected payments with continuous breaches leading to account closure.

Non-Permitted Industries

  • Weapons / Military-Grade Security
  • Multi-Level Marketing
  • Pawnbrokers
  • Political Organizations
  • Drug paraphernalia
  • Carbon Credits
  • Ponzi / Pyramid Schemes
  • Firms involved in the servicing of illegal goods/services including but not limited to: Counterfeit Goods/trademark infringement, Human Trafficking, Child Labor, Prostitution.

Non-Permitted Client Types

  • Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘Layering.’
  • Shell Banks
  • Unregistered Charities

Non-Permitted Activities

  • Clients are not allowed to use our services to speculate changes in FX

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