Prohibited Activities

ABOUT ZYKZ

ZYKZ is a trading name of Jigzo, a regulated financial services provider. All regulated services offered under the ZYKZ brand are provided by Jigzo. This Prohibited Activities policy applies to all customers of ZYKZ.

PURPOSE

This policy defines the specific countries, business activities, and transaction types that are prohibited or restricted under ZYKZ's compliance framework. It is designed to protect ZYKZ, its customers, and the broader financial system from financial crime, regulatory risk, and reputational harm.

SCOPE

This policy applies to all corporate customers, as well as any 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 ZYKZ services and are regularly reviewed to reflect the evolving regulatory landscape.

PROHIBITED JURISDICTIONS

Onboarding Restrictions

ZYKZ 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


Transactional Restrictions

ZYKZ 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


Jurisdictional Requirements for Customer Categories

Unregulated Businesses: Must be incorporated within accepted jurisdictions and fall within ZYKZ's risk appetite.

Regulated Businesses: Must be incorporated in the 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 that includes a licensed entity from an accepted jurisdiction.

This list is reviewed periodically and may be amended to reflect regulatory updates.

PROHIBITED BUSINESS ACTIVITIES

The following categories of businesses and business practices are explicitly prohibited from using ZYKZ's services:

  • Businesses operating or running Hawala (informal banking system)
  • Companies engaged in or providing illegal drugs or unlicensed drug-related activity
  • Unregulated pharmaceuticals or food supplement companies (nutraceuticals)
  • Activities relating to defence and munitions, including dual use
  • Adult websites or services involving prostitution, and the broadcasting or publication of pornography
  • Binary options or unregulated investments
  • Companies formed of bearer shares
  • Company structures that 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 or religious organisations engaged in hate speech
  • Pyramid schemes or 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
  • Unregulated charities
  • Banks

SPECIAL REQUIREMENTS FOR CERTAIN ACTIVITIES

Certain industries are subject to enhanced due diligence requirements to ensure compliance with regulatory standards.

Licensed Gaming and Betting: Subject to valid licensing and regulatory approval in the operating jurisdiction. Licensed gaming and contract for difference (CFD) firms may be onboarded but cannot process consumer payouts through ZYKZ's services.

Cryptocurrency Services: Restricted to licensed or regulated businesses compliant with local and international regulations. ZYKZ does not provide services to cryptocurrency firms acting on behalf of underlying clients.

IMPLEMENTATION AND ENFORCEMENT

ZYKZ reserves the right to terminate relationships with any customer found to be in breach of this policy. ZYKZ ensures compliance with applicable regulatory standards, including those established by the European Union and the United Kingdom.

REVIEW AND UPDATES

This policy will be reviewed and updated regularly to reflect changes in regulatory requirements, market conditions, and risk assessments.

REPORTING AND COMPLIANCE

Any suspicious activities or potential violations of this policy must be reported to ZYKZ immediately at support@zykz.com. ZYKZ is committed to cooperating with all relevant regulatory bodies to address any compliance-related concerns.