Which types of industries does Swan restrict?
Swan builds infrastructure for businesses to embed financial services. While most types of companies can embed banking services with Swan, some aren't allowed to. This decision has nothing to do with whether Swan "likes" or "dislike" a certain industry. In fact, Swan is open to the idea of opening up its service to more industries in the future! However, Swan’s not currently set up to support businesses that pose a risk to themselves or their partners (brand risk, financial risk, or otherwise).
Furthermore, they must uphold the requirements of the payment networks and institutions that help them run (like Mastercard), as well as the laws of each country they operate in.
Examples of industries Swan cannot work with:
Category |
Restricted activities |
Substance-related activities |
• Tobacco culture and products • Manufacture of tobacco products • Marijuana culture and illicit marijuana products |
Financial and regulatory risk activities |
• Shell banks • Trust & off-shore company service providers • Company domiciliation businesses • Non-licensed money service businesses and payment service providers • Crypto-assets trading, exchange and custody platforms • Crypto-currency mixing activity • Money remittance • Currency dealer & exchangers, FOREX |
Industries with a high environmental impact |
• Extractive industries such as oil, gas, and coal, including the extraction, processing, commerce, and other related activities • Nuclear material and power generation • Palm oil production • Polluting or dangerous industry chemicals |
Controversial or sensitive activities |
• Weapons and defense materials providers • Prostitution and escort services • Adult entertainment (pornography or similar activities) |
Gaming and entertainment |
• Gambling industry, including video games classified as online gambling • Game publisher of online games that permit value transfer between gamers • Online bartering services |
Other |
• Religious activities • Precious stones, gems, and jewels |