Terms Of Business
71-75 Shelton Street, London, WC2H 9JQ, United Kingdom
Company registration number: 14156599
1.2 SPOYNT Ltd is registered with the UK Financial Conduct Authority under FRN 903071 as an EMD Agent, with rights to distribute or redeem electronic money (e-money) and provide certain payment services on behalf of an e-money institution, Noveba Limited, FRN 900924.
1.3 You may contact us at any time by writing to us at the above address or sending an email to our Support Team (payment@spoynt.com). Contact details are available in the FAQ section of our website.
- FRN: 903071 (https://register.fca.org.uk/s/firm?id=0014G0000323qkeQAA )
- Regulator: Financial Conduct Authority
- Effective From: 01/04/2021
- Name: Noveba Limited
- Company Number: 11610200
- Registered Address: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, UNITED KINGDOM
- Companies House Ref: https://beta.companieshouse.gov.uk/company/11610200
- Type: EMD
- FRN: 900924
- Current status: Authorised Electronic Money Institution A firm that we have given permission to issue electronic money (e-money) and provide payment services.
- Regulator Name: Financial Conduct Authority
- Effective From: 16/08/2019
- Reference: https://register.fca.org.uk/s/firm?id=0010X00004JBGVaQAP
- In writing (letter or email)
- Verbally
Country / Territory | Client Account Opening & Maintenance | Transactions (Incoming / Outgoing / Exchange) | Notes |
Abkhazia | PROHIBITED | PROHIBITED | |
Afghanistan | PROHIBITED | PROHIBITED | |
Andorra | ALLOWED* | ALLOWED* | Subject to Enhanced Due Diligence (EDD) on a case-by-case basis |
Anguilla | PROHIBITED | PROHIBITED | |
Antigua and Barbuda | PROHIBITED | PROHIBITED | |
Armenia | PROHIBITED | ALLOWED* | Subject to EDD on a case-by-case basis |
Azerbaijan | PROHIBITED | ALLOWED* | Subject to EDD on a case-by-case basis |
Aruba | PROHIBITED | PROHIBITED | |
Bahamas | PROHIBITED | PROHIBITED | |
Bahrain | PROHIBITED | PROHIBITED | |
Barbados | PROHIBITED | PROHIBITED | |
Belarus | PROHIBITED | PROHIBITED | |
Belize | PROHIBITED | PROHIBITED | |
Bermuda | PROHIBITED | PROHIBITED | |
British Virgin Islands | PROHIBITED | PROHIBITED | |
Burundi | PROHIBITED | PROHIBITED | |
Cayman Islands | PROHIBITED | PROHIBITED | |
Central African Republic | PROHIBITED | PROHIBITED | |
Cook Islands | PROHIBITED | PROHIBITED | |
Cuba | PROHIBITED | PROHIBITED | |
Democratic Republic of the Congo | PROHIBITED | PROHIBITED | |
Djibouti | PROHIBITED | PROHIBITED | |
Egypt | PROHIBITED | PROHIBITED | |
Eritrea | PROHIBITED | PROHIBITED | |
Ethiopia | PROHIBITED | PROHIBITED | |
Gaza Strip | PROHIBITED | PROHIBITED | |
Guatemala | PROHIBITED | PROHIBITED | |
Guinea | PROHIBITED | PROHIBITED | |
Haiti | PROHIBITED | PROHIBITED | |
Iran | PROHIBITED | PROHIBITED | |
Iraq | PROHIBITED | PROHIBITED | |
Ivory Coast (Côte D'Ivoire) | PROHIBITED | PROHIBITED | |
Jamaica | PROHIBITED | PROHIBITED | |
Kenya | PROHIBITED | PROHIBITED | |
Kuwait | PROHIBITED | PROHIBITED | |
Lebanon | PROHIBITED | ALLOWED* | Subject to EDD on a case-by-case basis |
Liberia | PROHIBITED | PROHIBITED | |
Libya | PROHIBITED | PROHIBITED | |
Macau | PROHIBITED | PROHIBITED | |
Maldives | PROHIBITED | PROHIBITED | |
Mali | PROHIBITED | PROHIBITED | |
Mauritius | PROHIBITED | PROHIBITED | |
Moldova (including Transnistria) | PROHIBITED | PROHIBITED | |
Monaco | PROHIBITED | PROHIBITED | |
Myanmar (Burma) | PROHIBITED | PROHIBITED | |
North Korea | PROHIBITED | PROHIBITED | |
Pakistan | PROHIBITED | PROHIBITED | |
Panama | PROHIBITED | PROHIBITED | |
Russian Federation | PROHIBITED | PROHIBITED | |
Seychelles | PROHIBITED | PROHIBITED | |
Somalia | PROHIBITED | PROHIBITED | |
South Ossetia | PROHIBITED | PROHIBITED | |
Sudan | PROHIBITED | PROHIBITED | |
Syria | PROHIBITED | PROHIBITED | |
Ukraine (excluding Donetsk & Luhansk regions) | ALLOWED* | ALLOWED* | Subject to EDD on a case-by-case basis, excluding war-affected territories |
Ukraine – Donetsk & Luhansk region territories | PROHIBITED | PROHIBITED | |
United Arab Emirates | PROHIBITED | ALLOWED* | Subject to EDD on a case-by-case basis |
United States of America | ALLOWED | ALLOWED* | Subject to EDD on a case-by-case basis for clients with US citizenship/residency |
Venezuela | PROHIBITED | PROHIBITED | |
Yemen | PROHIBITED | PROHIBITED |
Important:
Being a part of the global financial system, SPOYNT Ltd Limited relies on external financial/payment partners for performing certain operations (including transfers and accounts). It is SPOYNT Ltd’s obligation to adhere to partners’ policies and terms of business, thus, SPOYNT Ltd reserves the right to refuse its Clients certain actions and prohibit transactions as required by its partners terms and conditions.
Type of Business | Reason |
Anonymous or Numbered Accounts, unincorporated or unregistered entities, Shell Banking (i.e., banks incorporated in a jurisdiction without a physical presence and unaffiliated with a regulated financial group) | Restricted / High-risk |
Cash and Check Handling: Check Cashing, Deposit Taking, Cash Transfer | Restricted / High-risk |
Credit repair, Debt Restructuring, Debt Recovery, Debt Settlement, Debt Collections | Restricted / High-risk |
Embassies, Consulates, and other Governmental Bodies | Restricted / High-risk |
Tobacco, E-Cigarettes, and E-Liquid | Restricted / High-risk |
Operating a business requiring a license or special permit without obtaining such a license (e.g., Unregulated Auction Houses) | Restricted / High-risk |
Production of Adult or Violent Content | Restricted / High-risk |
Production or Distribution of Offensive Weapons: Ammunition, Firearms, Explosives, Complex Weapons (e.g., guided missiles), Poisons | Restricted / High-risk |
Transactions involving Human Organs | Illegal |
Sanctioned Individuals and Entities | Restricted |
Services of Psychic Services, Occult, Pseudo-Sciences, Alternative Medicine | Other |
Financial Pyramid or Ponzi Schemes | Illegal |
Any industry known to be illegal in its local jurisdiction or the UK | Illegal |
Illegal Drugs and Narcotics | Illegal |
Supply, Sale, and Distribution of certain Recreational Drugs (including lawful medicinal marijuana distributors) | Legal in certain jurisdictions |
The sale or distribution of Stolen Goods (including digital and virtual goods), Counterfeit Goods, or Violation of Intellectual Property Rights | Illegal |
Selling, Hosting, Distributing, Producing, or Promoting Offensive Materials, including those inciting racial hatred or discrimination based on gender, race, religion, national origin, physical ability, sexual orientation, or age | Illegal |
Alternative / Informal / Unregulated Payment Systems (e.g., Hawala, Chit, Poey Kuan, Hundi, Fei Chi 'Ien') | High Risk / Illegal |
Virtual Currency Exchanges, Administrators, or Miners and/or Cryptoasset Exchange Providers or Custodian Wallet Providers that are not licensed or regulated in an equivalent jurisdiction | Illegal |
Illegal, Unregulated, Unlicensed, or Unauthorized Gambling or Gaming Firms | Illegal |
Trafficking of Cultural Artefacts and/or Wildlife or Protected Species | Illegal |
Offenders of Environmental Regulations and Perpetrators of Environmental Crime | Illegal |
Human Trafficking, Modern Slavery, Unlicensed Migration / Employment Agencies | Illegal |
Unincorporated Entities | Not allowed |
Entities with Complex Ownership Structures where the UBO is separated by over three layers of ownership and control | Not allowed |
Legal Entities with Complex Ownership/Management Structures that lack apparent commercial rationale and obstruct CDD disclosure and UBO identification | Prohibited |
Type of Business | Risk Level |
Licensed Cryptocurrency Exchanges, Platforms, and Crypto Payments | High Risk / High Volatility |
High-Value Dealers (Jewelry, Art, Auctions, Automotive) | High Risk |
Crowdfunding / Crowd Investing Platforms | High Risk |
Second-Hand Vehicle Sales | High Risk |
Extractive Industries (Mining, Crude Oil/Gas) | High Risk |
Cash-Intensive Businesses (Cash-and-Carry, Scrap Metal, Beauty Industry) | High Risk |
Professional Sports | High Risk |
Payroll Operators, Licensed HR Consultants | High Risk |
Tour Operators | High Risk |
Charities, Non-Profit Organizations, Foundations, and Cultural Associations (including donation-based entities) | High Risk |
Professional Providers of Corporate Services, Tax Advisory, Citizenship by Investment, Legal Advisory | High Risk |
Legal Entities using Nominee Directors / Secretaries / Shareholders | High Risk |
Penny Stocks or Microcap Securities | High Risk |
Payments involving General Trading Companies operating in Free Trade Zones (FTZ) | High Risk |
Regulated Payment Service Providers / Money Service Businesses (MSBs) | Regulated / High Risk |
Payments involving Downstream Processing for Correspondent Banks, MSBs, Financial Institutions, and Payment Service Providers that are not otherwise prohibited | Regulated / High Risk |