Below is a list of industries that we are unable to open an account for. If unclear about your eligibility, please refer to the following list or speak to our support via chat or email support@wamo.io.

You will not be able to open a wamo business account if your business conducts any activity or business relating to the following industries:

  • Armaments, nuclear weapons or defence manufacturers

  • Adult entertainment/pornography

  • Auction houses

  • Chemicals and allied products not elsewhere classified

  • Crowdfunding platforms

  • Cryptocurrency exchanges or firms

  • Consulates

  • Dating escort services

  • Diplomatic Offices

  • Gambling

  • Embassies

  • Equity/mutual funds and other investment funds

  • Fake goods/counterfeit consumer products

  • Fine Art dealers

  • Foundations

  • Funds (including venture capital funds)

  • Non-profit organisations

  • Pawnbrokers

  • Pension schemes

  • Political organizations and institutions

  • Precious metals & stone dealers

  • Quasi-cash merchants

  • Religious organisations

  • Registered and unregistered charities

  • Second-hand heavy construction equipment dealers

  • Special Purpose Vehicle/Special Purpose Entity (SPV/SPE)

  • Streaming companies (companies getting donations from viewers)

  • Trusts

  • Video game arcade

  • Unregulated FX businesses

  • Unregulated Loan businesses

  • Unregulated Money Services businesses

  • Unregulated Remittance business

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