1. Purpose
NoLimit, is registered as a money services business (MSB) in Canada, operating MSB activitiesof foreign exchange, money transferring and payment services. Prioritizing International companies, engaging with legal entities and other businesses.
The aim of the Acceptable Use Policy (“AUP” or this “Policy”) is to outline the acceptable andunacceptable types of customers - referred to as "Partners" and/or "Linked Business" - and usersof NoLimit ("End Users"). This classification is based on their legal form, jurisdiction (country ofresidence and activity), and the products and services they offer. This Policy aims to ensure that NoLimit engages only in business relationships that align with its integrity risk appetite and comply with all applicable laws and regulations.
2. Scope
This Policy applies to all new and existing business relationships between NoLimit and its Partnersand Linked Businesses. It also extends to a Partner’s End Users as Partners are responsible forensuring their users are aware of and comply with NoLimit’s AUP.
This Policy is aligned with NoLimit's Compliance Framework, which includes the Anti-Money Laundering and Countering the Financing of Terrorism Policy (“AML/CTF Policy”) and AML checks conducted by NoLimit.
3. Country risk factor
This country risk matrix is based on information from both local and international sanctions lists, along with AML/CTF data and other financial crime and regulatory indicators from crediblesources. The matrix is reviewed and updated at least once a year or whenever these sources orsanction lists are revised.
Businesses or end users located in jurisdictions that are not internationally recognized are strictly prohibited and fall outside of NoLimit’s risk tolerance which are as follows:
Prohibited
4. Partner Acceptable Products & Services
5. Special Risk Rating Rules
Russia Sanctions
In addition to general sanctions on Russia, the EU sanctions regulations also prohibit the provision of crypto-asset wallet, account, or custody services to Russian nationals, residents of Russia, orany legal entities or bodies established in Russia. This restriction does not apply to Russian nationals who also hold citizenship or have temporary or permanent residency in a Partner State of the European Union, the EEA, or Switzerland. Unless otherwise stipulated, NoLimit is prohibited from providing services or facilitatingpayments for Russian Partners, Linked Businesses (including associated stakeholders), or End Users who do not hold dual citizenship or a residency permit in a Partner State of the European Union, the EEA, or Switzerland.
