Prohibited and Restricted Products and Services
Version:
1.0
Effective from:
Nov 20, 2024
Fung will not service the following industries:
Arms dealers.
Trade of weapons, ammunition, military arms, explosive devices.
Companies selling illegal drugs and tools specifically intended for the production of illegal drugs.
Illegal products and services or any service providing ancillary support of illegal activities, including illegal gambling.
Fetish products.
Content deemed offensive or of a sexual nature through various media, such as books, audio, videos, websites, streaming services and other content formats.
Gentleman’s clubs, topless bars, sexually orientated massage parlors, saunas, escort agencies or any sexually-related services.
Entities which are using bearer shares.
Binary options.
Credit repair and credit protection business services.
Debt repayment and collection services.
Financial services or money service businesses, including:
Traveller checks
Foreign exchange
Check cashing services
Cash advances
Money orders
Fines or penalty collections.
Independent or unlicensed financial advisors.
Payday loans, unsecured loans.
Shell Banks or shell businesses.
Counterfeit products, replicas or products designed to circumvent intellectual property protections.
Business investment opportunities operating as “get rich quick schemes”.
Business practices using ransom or extortion practices.
Business practices designed to evade excessive chargeback monitoring programs.
Deceptive marketing tactics, fake references and other similar services or products that might deceive consumers.
Products or services that promote or incite to hate, violence, discrimination, harassment, terrorism or any form of abuse.
Pyramid selling, chain letter or other financial scams.
Animals and wildlife products classified as endangered or protected.
Bail bonds.
Pawn shops.
Trade of illegal fireworks, flammable or radioactive materials.
Decryption and descrambler products and services, devices designed to block, jam, intercept or interfere with communications.
Restricted Categories
Fung can provide services to these industries only once specific control-measures are satisfied (e.g. licensed business):
Adult goods.
Buy now, pay later/instalment payment methods.
Insurance Sales and services.
Payroll, invoice & business services.
Multi-level marketing.
Charities and Non-Profit Organisations.
Crowdfunding.
Airlines.
Art dealers and art galleries.
Auction houses.
Casual dating services.
Cloud storage, VPN, file sharing.
Cruise lines.
Direct marketing.
Marketplaces.
Drop shipping.
Health practitioners, private medical practices, e-doctors, dental & medical services.
Jewellery, watches, precious stones and metals.
Nutraceuticals and food products, including CBD and Hemp-seed products.
Money transfer and remittance services.
Political, religious or Social campaigns.
Real estate services.
Services associated with pseudoscience (clairvoyance, horoscope).
Ticket agencies.
Timeshare.
Travel agents and tour operators.
Legal Gambling operators.
Veterinary services.
Alcohol sales.
Pharmaceuticals, prescription medicine and medical devices.
Tobacco, smoking supplies, e-cigarettes, e-liquid,vaping liquid and accessories.
Contract for difference (CFD), initial coin offering (ICO), forex currency options.
Aggregators, including marketplaces, platforms.
Crypto service providers, or any other crypto related offering.
Other financial institutions, such as EMIs and Investment Firms etc.
Telephone credits (pay-as-you-go).
Gift cards or prepaid cards with credit.