Supported Activities

Disclosure of high-risk activities

Customers are required to declare to TRUSTODI if they engage in any high-risk or prohibited activities. Accurate disclosure is part of our onboarding and ongoing compliance requirements, and is also required by our underlying banking and financial-institution partners.

High-risk industries

You must disclose the following activities during onboarding. Businesses conducting these activities are evaluated on a case-by-case basis:

• Money services (e.g. check cashing, gift cards, ATMs, remittances)
• Lending or banking
• Foreign exchange, virtual-currency brokerage, or OTC
• Holding client funds (e.g. escrow)
• Investment services
• Safe deposit box rentals
• Digital asset exchange
• Third-party payment processing

Prohibited industries

TRUSTODI cannot onboard or provide services to businesses in the following industries:

• Unlawful or abusive activity
• Fraud
• Unfair, predatory or deceptive practices
• Intellectual property infringement
• Investment or credit services
• Check cashing
• Bail bonds
• Collections agencies
• Counterfeit or unauthorized goods
• Drugs and drug paraphernalia (including pseudo pharmaceuticals)
• Gambling
• Substances designed to mimic illegal drugs
• Adult entertainment, content, and services
• Multi-level marketing
• Pharmaceuticals
• Marijuana, cannabis, or related services
• Tobacco or nicotine products
• Undisclosed money services
• Undisclosed money transmission
• Unlicensed third-party money transmission
• Precious metals / gems
• Weapons / firearms

Questions?

If you are unsure whether your business or a customer's activity falls into a high-risk or prohibited category, contact us at support@trustodi.com before onboarding.