Skip to main content
All CollectionsFAQAbout VertoFX
Non-supported industries and countries
Non-supported industries and countries
Updated over 4 months ago

Verto is dedicated to adhering to all relevant laws and regulations, including those concerning anti-money laundering, counter-terrorism financing, sanctions, and export controls.

We have established policies, procedures, controls, and requirements to safeguard our platform. Additionally, our banking partners enforce their own requirements and restrictions, which cover certain industries, activities, and countries as outlined below.

We do not support the onboarding of, or incoming/outgoing payments from/to any entities or individuals which fall into the below industries, or operate/are registered in the below countries.

Non-compliance with these restrictions can cause payment delays or rejections, with repeated violations potentially leading to account closure. For further information, please contact your account manager or email us at support@vertofx.com.

Non-supported industries

  • 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

  • Diamond/Precious Metals Merchants

  • Embassies

  • Nuclear/Military Energy

  • Gambling and/or Gaming (Illegal)

  • Lobbying

  • Pressure Groups

  • Think Tanks

  • Cryptocurrencies

  • Sanctioned Businesses/Companies

  • Shell Companies

  • Cannabis and Related Products/Services

Non-supported countries

  • Afghanistan

  • Belarus

  • Bosnia and Herzegovina

  • Burundi

  • Central African Republic

  • Cuba

  • Croatia

  • Crimea

  • Democratic Republic of Congo

  • Democratic People’s Republic of Korea (North Korea)

  • Donetsk People's Republic (DNR)

  • Ethiopia

  • Guinea

  • Guinea-Bissau

  • Kosovo

  • Iran

  • Iraq

  • Lebanon

  • Luhansk People's Republic (LNR)

  • Libya

  • Macedonia

  • Mali

  • Montenegro

  • Myanmar

  • Nicaragua

  • Republic of the Congo

  • Russia

  • Serbia

  • Slovenia

  • Sudan

  • South Sudan

  • Somalia

  • Syria

  • Ukraine

  • Yemen

  • Venezuela

  • Zimbabwe

  • Zaporizhzhia Region


Did this answer your question?