Accepted high risk businesses

Even if our high-risk appetite is high, Huch services cannot be used if you engage in activities related to child pornography, weapons, drugs, propaganda of sexual/ethnic and/or racial hatred, social discrimination, or any activities that may offend any person or organization.
This includes but is not limited to:
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  • Child pornography: Any involvement in the production, distribution, or consumption of explicit material involving minors.
  • Weapons: Any activities involving the sale, distribution, or promotion of firearms, ammunition, explosives, or other dangerous weapons.
  • Drugs: Any activities related to the sale, distribution, or promotion of illegal drugs, controlled substances, or substances that are prohibited by law.
  • Propagation of hatred: Any actions that promote or incite hatred based on race, ethnicity, religion, gender, or any other protected characteristic.
  • Social discrimination: Any activities that discriminate against individuals or groups based on their race, ethnicity, religion, gender, sexual orientation, disability, or any other protected characteristic.
Feel free to contact us if your need any more information
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Furthermore, all information provided by you and all actions performed using the Huch services must be accurate, truthful, and in compliance with applicable laws and regulations.
This includes:
  • Misleading or false information: You must not provide information that is intentionally misleading, inaccurate, or false in any way.
  • Stolen or counterfeit goods: You must not be involved in the sale or distribution of stolen or counterfeit items.
  • Intellectual property rights: You must not infringe upon copyright, trademark, patent, trade secret, or any other intellectual property rights of third parties.
  • Regulatory compliance: You must comply with all relevant regulatory acts, laws, contracts, decrees, and statutes governing your activities and the use of the Huch services.
  • Additionally, you are strictly prohibited from distributing or using any computer applications or programs, including viruses, bots, Trojan horses, Easter eggs, worms, or time bombs that can damage, intercept, or expropriate any system, data, or information.
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Huch has a zero risk appetite for supporting financial crime or other illegal acts, as well as infringing international sanctions regimes.
Therefore, the use of Huch’s services to support clients that fall into any of the following categories is strictly prohibited:
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  • Sanctioned entities or individuals: You must be engaged or not engage in any business or provide services to entities or individuals that are subject to international sanctions imposed by regulatory authorities or international organizations, including but not limited to the United Nations, United States of America Office of Foreign Assets Control (OFAC), European Union, United Kingdom Her Majesty’s Treasury (HMT), or any other relevant sanctions lists. It is your responsibility to regularly screen and ensure that your clients or customers are not listed on any such sanctions lists.
  • Companies involved in illegal activity: You must not use Huch’s services for and to support companies involved in any form of illegal activity, including but not limited to the sale of illegal drugs, counterfeit products, entities carrying out regulated activities without appropriate licenses or permissions, money laundering, terrorist financing, proliferation financing, or any other criminal activity as defined by the applicable laws and regulations.
  • Companies registered in High-Risk Jurisdictions subject to a Call for Action: You must not be engaged or engage in business with companies registered in jurisdictions identified as high-risk jurisdictions subject to a Call for Action.
    This includes jurisdictions that have been officially designated by the Financial Action Task Force (FATF) or any other relevant regulatory authority as having significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, proliferation financing, or other illicit activities. You should refer to the FATF blacklist or any other official sources for a list of such high-risk jurisdictions.
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Furthermore, you must ensure that your operations, activities, and transactions comply with all applicable laws, regulations, and industry standards, including but not limited to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, data protection laws, and consumer protection laws.
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Huch reserves the right to conduct due diligence checks, periodic assessments, and monitoring to ensure compliance with these provisions. This may include verifying the identity of clients, conducting risk assessments, monitoring transactions, and sharing information with relevant authorities or regulatory bodies as required by law. If Huch determines that you are in violation of any of these restrictions or fail to comply with applicable laws and regulations, Huch may take appropriate actions, including termination of the agreement and reporting of suspicious activities to the relevant authorities.
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Please note that the above list is not exhaustive, and Huch reserves the right to refuse cooperation or terminate the agreement without providing any explanation if it deems it necessary.
Are you looking for a high risk payment solution? Contact us here!
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