Swan provides the infrastructure that allows businesses to offer financial services. To do this responsibly, we must follow laws, regulations, and the rules set by banks, payment networks, and regulators. While most companies can use Swan, there are certain types of businesses we aren't legally allowed to support.
These restrictions are based on risk, not preference. Swan won't work with businesses that could harm Swan's or its partners' reputation or finances
We may expand our service to support more industries in the future.
This article is intended for users of Swan-powered banking services. It outlines the common restrictions that apply to all payment accounts. Depending on your banking service provider, additional restrictions may apply.
| Category | Restricted activities |
|---|---|
| Financial and regulatory risk activities | • Shell banks • Trust & offshore company service providers • Company domiciliation business • Non-licensed money service businesses • Non-licensed payment service providers |
| Crypto-assets and virtual currencies | • Crypto-assets trading / exchange platforms • Crypto-assets custody platforms • Crypto-assets mixing activity • Crypto ATM |
| Controversial or sensitive activities | • Prostitution / escort • Organisation known as sects • Adult entertainment |
| Substance and materials-related activities | • Marijuana culture, products and trading • Scrap metal dealers • Weapons and defense materials providers |
| High-risk or unregulated commerce | • Door-to-door sales • Taxi phone & call shops |
Eligibility for an account doesn't guarantee account validation.
If you’re not sure whether an activity is allowed, contact your banking service provider. If you still have questions, submit a request to Swan Support.