Commercial logging operations or purchase of logging equipment for use in the primary tropical moist forest;

Creation of indecent and obscene material including child pornography;

Diamond trading without Kimberley Certification;

Drift net fishing in the marine environment using nets in excess of 2.5km in length;

Drug trafficking including chemicals used to manufacture a synthetic drug or drugs;

Giving or receiving gifts that could be interpreted as intending to influence business decisions;

Illegal use of confidential material and non-public information;

Involvement in any business relating to prostitution;

Money exchange dealings;

Non-licensed forex/binary options;

Non-licensed offline gambling/betting/casino/horse racing/bingo/sports betting;

Non-licensed online casino/online poker/online gambling/online betting/prize draws/gift cards/any form of lottery/scratch cards;

Production or activities involving harmful or exploitative forms of forced labor /harmful child labor;

Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, including without limitation host country requirements related to environmental, health and safety, and labor aspects;

Production or trade in ozone-depleting substances subject to international phase-out;

Production or trade in pesticides/herbicides subject to international phase-outs or bans;

Production or trade in pharmaceuticals subject to international phase-outs or bans;

Production or trade in radioactive materials;

Production or trade in weapons and munitions;

Production or trade in wood or other forestry products from unmanaged forests;

Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals;

Quarries, mining, or processing of metal ores or coal;

Trade in wildlife or wildlife products regulated under CITES;

Trading of animal fur, bones, and ivory;

Trading of bearer shares and bonds;

Trading of cultural objects like sculptures, statues, antiques, collectors’ items, and archaeological pieces especially those originating from the Republic of Iraq;

Trading of fireworks, explosives, and weapons;

Trading in derivatives/options/hedging;

The dealing of jewels, gems, and precious metals.

Limited Liability Companies (‘LTD’)

Public Listed Companies (‘PLC’)

Unregistered charity or foundation

A company with bearer shares

Shell Companies

LLP Form

Us Entities with no Substance

Private/Limited Partnerships

Registered Charity or Foundation – additional due diligence is required

Sole proprietor/trader – additional due diligence will be required

A trust – additional due diligence is required to ensure that the trust’s beneficial owners are appropriately identified and verified, and that the trust is not being used as a vehicle to illegally evade the payment of tax

Private equity funds/special purpose vehicles/sovereign wealth funds or any other legal entity other than a conventional limited liability company or public limited company – any specialist structures other than a normal trading company/PLC fall outside the Compliance Department’s normal onboarding policies and will need to be scoped before any commercials are agreed. Additional time for onboarding is likely to be required

Companies pending incorporation or legal registration – proof of application with the relevant authorities must be provided