Risk Appetite Policy

Last Updated on April 18, 2024

Securing Compliance

At Noda, we are dedicated to maintaining a secure and compliant platform. Our Risk Appetite Policy clearly outlines the industries, activities, and jurisdictions that are either prohibited, restricted, or have specific guidelines for acceptable conduct.

1. Prohibited Businesses and Activities

The following are strictly prohibited:

Cryptocurrencies

Mining, unregulated ICOs/token sales, and B2B cryptocurrency services.

Dangerous and Illegal Goods

Trading in hazardous materials, government IDs, documents, and stolen items, including digital and virtual goods

Deceptive Marketing

Fraudulent marketing practices, supporting click farms.

Drugs and Paraphernalia

Selling controlled substances, steroids, prescription drugs, or related paraphernalia.

Fraud and Corruption

High-risk fraud, bribery, corruption, or high-yield investment schemes.

Fraudulent Schemes

Pyramid, Ponzi, MLM, matrix schemes, or investment scams.

Harmful Content and Goods

Promotion of hate, violence, racism, or religious persecution.

High-Risk Commodities

Dealing in valuables, such as precious metals, stones, jewelry, and art.

High-Risk Industries

Services to the oil and gas sector.

Illegal Activities and Encouragement

Illegal acts facilitation, high-risk file sharing, and cyberlockers.

Illegal Gambling

Participation in unregulated gambling.

Illegal Organizations

Transactions with unregistered charities and non-profits.

Illegal Trade

Illegal wildlife trade.

Intellectual Property Infringement

Copyright or trademark violations.

Political & Religious Organizations

Services for political or religious funding.

Prohibited Services

Involvement with prostitution, escort services, or related transactions; child exploitation materials.

Unregulated Financial Operations

Unregulated cryptocurrency exchanges, MSBs, MVTs, and forex trading

Weapons and Ammunition

Trading in firearms, ammunition, and related equipment.

2. Restricted Businesses and Activities

Noda exercises strict oversight for industries and activities considered high-risk. Entities within the following industries and activities are subject to stringent regulatory compliance and must undergo a thorough compliance review prior to engaging with Noda services:

Adult Content and Dating Services

Must comply with relevant laws and regulatory standards for adult content and dating services.

Controlled Substances and Supplements Sales

Sales must adhere to health and safety regulations for alcoholic beverages, e-cigarettes, and food supplements.

Debt and Loan-Related Services

Services must follow financial regulations concerning debt collection and loan provision.

Equity Crowdfunding

Must adhere to securities regulations for capital raising through securities.

Financial Service Providers

Payment processors, MSBs, PIs, EMIs, and investment firms must comply with financial regulations.

Forex Trading Services

Foreign exchange services must operate under financial regulatory oversight.

Future Service Deliveries

Airlines, travel agencies, hotel bookings, and event ticketing services must follow specific sector regulations.

Gaming-Related Services

Services related to in-game items like skins and loot boxes

IPTV Services

Must comply with regulations on broadcasting and digital content distribution.

Online Gambling Services

Must comply with gambling regulations and operate under regulatory oversight - casino games, sports betting, lotteries, etc.

Virtual Asset Services

Services involving cryptocurrencies must meet legal and regulatory standards.

VOIP and Airtime Services

Must adhere to telecommunications regulations.

3. Prohibited Business Relationships

Noda prohibits engagements with:

  • Shell Banks
  • Anonymous Accounts
  • Bearer Shares
  • Entities Under Financial Sanctions

4. Prohibited Jurisdictions for Business and UBO Residency

Noda does not engage with legal entities, ultimate beneficial owners (UBOs), or corporate structures that are domiciled in or residents of the following jurisdictions:

5. Violations of the Risk Appetite Policy

We encourage you to report violations of this Risk Appetite Policy to Noda immediately. If you have a question about whether a type of transaction may violate the Risk Appetite Policy, you can email our Compliance Department at Compliance@Noda.live

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NAUDAPAY LIMITED, (Company Number: 11741664) with the registered address: 37th Floor, Office 37.38, 1 Canada Square, Canary Wharf, London, United Kingdom, E14 5AA is an authorized Payment Institution and regulated by the Financial Conduct Authority (FCA) (Reference number: 832969) under the Payment Services Directive ((EU) 2015/2366)