Legal Policies and Compliance Information
Prohibited
This policy defines the specific countries, business activities, and transaction types that are strictly prohibited at Jigzo. Its purpose is to ensure compliance with international sanctions, anti-money laundering (AML) regulations, and our own internal risk appetite. Adherence to this policy is mandatory for maintaining the integrity of our platform and protecting our customers from illicit activities.
This policy applies universally to all individual and corporate customers, as well as to our partners and their downstream clients. It governs all aspects of our operations, from initial customer onboarding to ongoing transaction monitoring. The restrictions outlined in this policy are implemented across all Jigzo services and are regularly reviewed to adapt to the evolving regulatory landscape.
Jigzo prohibits onboarding any customer with ultimate beneficial owners (UBOs), directors, or operations residing in or targeting websites toward the following countries:
• Afghanistan
• American Samoa
• Anguilla
• Belarus
• Benin
• Bosnia and Herzegovina
• Burkina Faso
• Burundi
• Central African Republic
• Congo (Democratic Republic of)
• Cote d'Ivoire
• Cuba
• Eritrea
• Eswatini
• Fiji
• Guam
• Guinea
• Guinea-Bissau
• Haiti
• Iran
• Iraq
• Korea (Democratic People's Republic of)
• Kosovo
• Lebanon
• Liberia
• Libya
• Mali
• Marshall Islands
• Mozambique
• Myanmar
• Nicaragua
• Niger
• Nigeria
• Pakistan
• Palau
• Palestine
• Panama
• Russia Federation
• Samoa
• Sierra Leone
• Somalia
• South Sudan
• Sudan
• Syria
• Togo
• Trinidad and Tobago
• Türkiye
• Ukraine
• United States
• United States Minor Outlying Islands
• Vanuatu
• Venezuela
• Virgin Islands (U.S.)
• Western Sahara
• Yemen
• Zimbabwe
Jigzo does not support transaction activities involving the following jurisdictions, due to regulatory restrictions, international sanctions, or high-risk considerations:
• Afghanistan
• Belarus
• Burkina Faso
• Burundi
• Central African Republic
• Congo (Democratic Republic of)
• Cuba
• Eritrea
• Guinea
• Guinea-Bissau
• Haiti
• Iran
• Iraq
• Korea (Democratic People's Republic of)
• Lebanon
• Libya
• Mali
• Marshall Islands
• Mozambique
• Myanmar
• Nicaragua
• Niger
• Pakistan
• Palestine
• Russia Federation
• Somalia
• South Sudan
• Sudan
• Syria
• Ukraine
• Venezuela
• Western Sahara
• Yemen
• Zimbabwe
• Unregulated Businesses: Must be incorporated within accepted jurisdictions and fall within Jigzo's risk appetite.
• Regulated Businesses: Must be incorporated in: United Kingdom (including Gibraltar), European Economic Area (EEA), United States of America, Switzerland, Canada, Australia, New Zealand, Hong Kong, Singapore, Japan, or South Korea.
Regulated entities outside these jurisdictions may only be onboarded if part of an ownership structure including a licensed entity from accepted jurisdictions.
This list is reviewed periodically to ensure compliance with regulatory updates and may be amended accordingly.
The following categories of businesses and business practices are explicitly prohibited from using Jigzo’s services and platform:
• Businesses operating or running Hawala (informal banking system)
• Companies engaged in or providing illegal drugs and/or unlicensed drug-related activity
• Unregulated pharmaceuticals/food supplement companies (nutraceuticals)
• Activities relating to defence and munitions, including dual use
• Adult websites or services with prostitution, and the broadcasting/publication of pornography
• Binary options or unregulated investments
• Companies formed of bearer shares
• Company structures which include only nominee directors (there must always be individual directors)
• Companies dealing in counterfeit goods
• Companies dealing with cultural artefacts, ivory, or other items related to protected species, or with items of archaeological, historical, religious, or rare scientific value
• Companies structured and operating piracy or illegal streaming
• Political/religious organisations engaged in hate speech
• Pyramid schemes/multi-level marketing (MLM) schemes
• Companies dealing in non-electronic funds
• Unregulated institutions that should be regulated
• Shell banks
• Shell companies (a company having no physical presence, no employees, or no commercial activity in its registered jurisdiction)
• ‘Get rich quick’ schemes (proposal to pay high rates of return over a short period in return for a small investment)
• Unregulated charities
• Banks
Certain industries may be subject to enhanced due diligence requirements to ensure compliance with regulatory standards. These include:
Licensed Gaming and Betting
Subject to valid licensing and regulatory approval in the operating jurisdiction. Gaming and Contract for Difference (CFD) firms may be onboarded but cannot process consumer payouts through the platform.
Cryptocurrency Services
Restricted to licensed or regulated businesses compliant with local and international regulations. Jigzo does not provide services to cryptocurrency firms acting on behalf of underlying clients.
Jigzo employees, partners, and service providers are required to adhere to this policy. Jigzo reserves the right to terminate relationships with any client, partner, or service provider found to be in breach of this policy. Jigzo ensures compliance with regulatory standards from FINTRAC, the Czech National Bank (ČNB), as well as those established by the European Union and the United Kingdom, ensuring that promotions, transactions, and operations align with international requirements.
This policy will be reviewed and updated regularly to reflect changes in regulatory requirements, market conditions, and risk assessments. Any updates will be communicated to all relevant stakeholders promptly.
Any suspicious activities or potential violations of this policy must be reported to Jigzo immediately. Jigzo is committed to cooperating with all relevant regulatory bodies to address any compliance-related concerns.