INTRODUCTION

The use of the Services (as defined in the Terms of Service) for any dealings, engagement, or sale of goods/services linked directly or indirectly with jurisdictions or persons that Kredete has deemed high risk or individuals or entities named to a restricted person or party list of the U.S., United Kingdom, European Union or United Nations, including the sanctions lists maintained by the U.S. Department of Treasury’s Office of Foreign Assets Control or the Denied Persons List or Entity List maintained by the U.S. Department of Commerce, is prohibited. 

PROHIBITED JURISDICTIONS

Kredete does not allow individuals or companies based in the following jurisdictions to open accounts or access its Services, including the Kredete Card. The list of prohibited jurisdictions is reviewed and updated regularly to comply with applicable laws and regulatory requirements. Please find below the current list of prohibited jurisdictions;

• Afghanistan

• Belarus
• Central African Republic
• Congo
• Cuba
• Eritrea
• Haiti
• Iran
• Iraq
• Liberia
• Libya
• North Korea
• Russia
• Somalia
• South Sudan
• Sudan
• Syria
• Venezuela
• Yemen
• Zimbabwe

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PROHIBITED ACTIVITIES

Companies or individuals engaged in the following activities are prohibited from accessing Kredete’s Services, including the Kredete Card. This list is not exhaustive and is subject to updates at Kredete’s discretion.

1. Regulated or Illegal Activities

1. Use of the Kredete Card to conduct or facilitate:

• Purchase or sale of illegal drugs, narcotics, or controlled substances.
• Production, sale, or distribution of firearms, accessories, ammunition, and other weapons.
• Gambling, betting, lottery, or games of chance, whether legal or illegal.
• Prostitution or escort services.
• Sale of counterfeit or “gray market” goods.
• Ponzi or pyramid schemes and other fraudulent activities.
• Transactions with entities or individuals on international sanctions lists, including those maintained by OFAC, UN, EU, or other relevant authorities.

2. Products and Services that Infringe Intellectual Property

• Sales or distribution of unauthorized copies of music, movies, software, or other licensed materials.
• Sale of counterfeit goods illegally imported or exported products, or brand name products without appropriate authorization.
• Any services or products that infringe on the trademark, patent, copyright, or trade secrets of any third party.

3. Violent or Hateful Activities

• Intentionally promoting, supporting, or engaging in violence or harm against individuals or groups based on race, religion, disability, gender, sexual orientation, gender identity, national origin, immigration status, or other protected characteristics under applicable law.

4. Misuse of Kredete Products and Services

• Providing false, manipulated, inaccurate, or misleading information during registration or use of Kredete’s Services.
• Facilitating transactions on behalf of undisclosed third parties or for products/services not disclosed during account creation.
• Unauthorized use of Kredete intellectual property, including its name, logo, or trademarks, without prior written consent.
• Implying an untrue endorsement by or affiliation with Kredete.

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RESTRICTED ACTIVITIES

Companies engaged in the following activities may be subject to additional scrutiny, documentation requirements, or restrictions on their access to Kredete Services.

1. Financial service providers, including:

• Banks or bank affiliates.
• Securities brokers or money transmitters.
• investment funds or companies.

2. Sale of Schedule II-V controlled substances with appropriate pharmaceutical licenses, as defined by the U.S. Drug Enforcement Agency (DEA).
3. Entities operating in high-risk industries as defined by Kredete’s internal risk management policies.

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ENFORCEMENT AND UPDATES

Kredete reserves the right to:

• Deny, suspend, or terminate access to its Services for any violation of these prohibitions.
• Report prohibited activities to relevant authorities and regulatory bodies.
• Update this list of prohibited jurisdictions and activities at its sole discretion without prior notice.

The updated version will take effect immediately upon posting. Users are encouraged to review this document periodically to remain informed of any changes.

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