At Relay, we partner with our wire provider, The Currencycloud Limited, to provide the ability for our customers to send and receive international wires. The Currencycloud Limited is committed to complying with all applicable laws and regulations including those related to anti-money laundering, counter-terrorism financing, sanctions, and export control laws.
The Currencycloud Limited maintains policies and procedures, controls, and requirements to help protect its platform. In addition, their banking partners also maintain requirements and restrictions that must be adhered to, including restrictions on certain industries, and activities, as listed below:
Non-permitted Activities - Global
- Weapons / military-grade security
- Multi-level marketing
- Pawnbrokers [MCC: 5933 - Pawn Shops]
- Political organizations [MCC: 8651 - Organizations, Political]
- Precious metals and stones, including diamond traders [MCC: 5094 - Precious Stones and Metals, Watches and Jewelry]
- Unauthorized resale of luxury goods - including watch traders
- Adult entertainment
- Drug paraphernalia
- CBD and related products
- Carbon credits, including carbon credits traders
- Cryptoassets
- Gambling [MCC: 7995 - Betting (including Lottery Tickets, Casino Gaming Chips, Off - track Betting and Wagers)]
- 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, and prostitution.
- Mining and extraction
- Scrap metal traders
- Energy traders
- Speculative trading
Non-permitted Activities - United States of America
- Chemicals
- FDA classified medical devices
- Medications or prescription drugs
- Alcohol [MCC: 5813 - Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail lounges, Nightclubs and Discotheques]
- Tobacco [MCC: 5993 - Cigar Stores and Stands]
- Dietary supplements
- Seeds or plants [MCC: 5193 - Florists Supplies, Nursery Stock, and Flowers]
- Regulated financial services
- Outbound telemarketing [MCC: 5966 - Direct Marketing-Outbound Telemarketing Merchants]
Please see The Currencycloud Limited's support page for more information: Currencycloud Non-Permitted Activity.