Restricted Businesses

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

    • 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
    • Unregistered hedge funds
    • Unlicensed and/or unregistered MSBs
    • Bearer Share companies
    • Marijuana related businesses (includes marijuana-related legitimate businesses)
    • Virtual currency companies
    • Adult content and services companies
    • Drug paraphernalia companies
    • Penny auction companies
    • Any individual or entity that:
      • Presents forged or false documents,
      • Refuses to cooperate or deliberately obstructs the customer verification process, or
      • Insists on anonymity

The types of restricted businesses listed are representative, but not exhaustive. If you are uncertain as to whether your business is a Restricted Business, or have questions about how these requirements apply to you, please contact us.

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