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Legal information
Prohibited industries and countries
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
17 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
Prohibited Countries
21 countries
Afghanistan
Belarus
Burundi
Central African Republic
Cuba
Eritrea
Haiti
Iran
Iraq
Libya
Myanmar
Nicaragua
North Korea
Russia
Somalia
South Sudan
Sudan
Syria
Ukraine
Venezuela
Yemen
