As a Canadian money services business, registered with FINTRAC, Luopay Canada Ltd (“Luo”), some business sectors and countries of operation are outside Luo's risk appetite and cannot be integrated into the platform. Please find below the current list of prohibited industries and countries of operation.
Prohibited Industries
- Adult content (all formats)
- Unlicensed Gambling / lotteries / betting companies
- Marijuana / CBD related
- Weapons / arms / defense
- Binary options
- Credit repair / payday companies
- MLM / Ponzi / pyramid schemes
- Shell companies
- NGOs or charities
- Unlicensed financial institutions
- Escort / dating / mail-order brides
- Replica / counterfeit goods
- Fortune tellers / psychics
- Timeshare sales
- Nested payments / anonymous txs
- Privacy coins (Monero, Dash…) & Non-regulated VASP
- Cheque cashing / gift cards bulk
- Adult content (all formats)
- Gambling / lotteries / betting
- Marijuana / CBD related
- Weapons / arms / defense
- Binary options
- Credit repair / payday companies
- MLM / Ponzi / pyramid schemes
- Shell companies
- NGOs or charities
- Unlicensed financial institutions
- Escort / dating / mail-order brides
- Replica / counterfeit goods
- Fortune tellers / psychics
- Timeshare sales
- Nested payments / anonymous txs
- Privacy coins (Monero, Dash…) & Non regulated VASP
- Cheque cashing / gift cards bulk
Prohibited Countries
- Afghanistan
- Belarus
- Burundi
- Central African Republic
- Cuba
- Eritrea
- Haiti
- Iran
- Iraq
- North Korea
- Libya
- Myanmar
- Afghanistan
- Belarus
- Burundi
- Central African Republic
- Cuba
- Eritrea
- Haiti
- Iran
- Iraq
- North Korea
- Libya
- Nicaragua
- Russia
- Somalia
- Sudan
- South Sudan
- Syria
- Ukraine
- Venezuela
- Yemen
- Mali
- Myanmar
- Nicaragua
- Russia
- Somalia
- Sudan
- South Sudan
- Syria
- Ukraine
- Venezuela
- Yemen
Other Restrictions
Please note that other restrictions may apply on a case by case basis due to incompatibilities with our banking and payment partners, or following a compliance decision.
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