Restricted Business categories may be imposed through Network Rules or the requirements of our Issuing Bank. The following categories of businesses are restricted from using Penny’s services:

• Adult content and services companies
• Unregistered hedge funds
• Unlicensed and/or unregistered MSBs
• Bearer Share companies
• Marijuana related businesses (includes marijuana-related legitimate businesses)
• OFAC-sanctioned individuals, entities, countries, and/or governments
• Shell banks and foreign shell companies
• Legal entities whose Ultimate Beneficial Owners (or UBOs) cannot be verified
• Unlawful/unlicensed Internet gambling organizations
• Unregulated domestic/foreign casinos
• Unregistered/unregulated charitable organizations
• Virtual currency companies
• Drug paraphernalia companies
• Penny auction companies

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