Prohibited and Restricted Business
Badr Ashraf
Last Update 5 maanden geleden
This policy outlines the specific businesses and activities that are prohibited or restricted for engagement with Almar Prog (ALMG). This includes all transactions and business dealings conducted through Almar Prog’s platforms, products, or services. The restrictions apply globally and are applicable in every jurisdiction where ALMG operates. Non-compliance with this policy may result in the immediate suspension or termination of services.
1. Fraud and Deceptive Practices- Fraudulent Transactions: ALMG strictly prohibits any fraudulent transactions, including the use of forged documentation, stolen credit card information, or any deceptive actions designed to gain financial or personal benefits illegally.
- Scams and Phishing: The promotion or engagement in phishing attacks, Ponzi schemes, pyramid schemes, investment fraud, or any kind of scam intended to defraud customers or third parties.
- False Representation: Any business that misrepresents itself or provides misleading information to customers regarding product efficacy, pricing, or nature of the services is prohibited.
- Money Laundering: Any business that facilitates money laundering or the concealment of illicit funds through fraudulent means is strictly prohibited. This includes using ALMG platforms to transfer, conceal, or disguise proceeds from crime.
- Terrorism Financing: Supporting or facilitating terrorism through funds or services that are used to finance terrorist activities or groups is banned. This includes direct or indirect transactions intended to support extremist or violent organizations.
- Copyright and Trademark Infringement: Selling or distributing counterfeit goods, pirated software, or unauthorized reproductions of intellectual property. This includes the use of counterfeit brand names, fake logos, or replicas of famous brands without permission from intellectual property holders.
- Patents and Trade Secrets: The illegal use, sale, or distribution of patented products or trade secrets without authorization from the patent holders.
- Illegal Drugs: The sale, distribution, or promotion of illegal drugs, narcotics, or controlled substances under local or international law is prohibited.
- Drug Paraphernalia: Any business dealing in products designed for or used in the consumption of illegal drugs, such as pipes, bongs, or other devices intended for illicit drug use, is strictly forbidden.
- Pornographic and Explicit Content: The distribution of pornography, explicit adult content, or related services is prohibited in jurisdictions where such content is not explicitly legal. Additionally, the sale of adult products or services that violate local laws and public decency standards is prohibited.
- Unlicensed Escort Services: The promotion or operation of escort services or other sexual services without the required legal licenses and compliance with local laws is banned.
- Firearms and Ammunition: Engaging in the sale, distribution, or promotion of firearms, ammunition, explosives, or any related items is prohibited unless the seller holds the necessary licenses and complies with national and international regulations.
- Explosives and Hazardous Materials: Handling, manufacturing, or distributing explosives, fireworks, or other hazardous materials that pose a public safety risk.
- Unregistered Lending: Offering loans or credit services without proper licensing or in violation of national financial regulations is prohibited.
- Securities and Investment Products: Selling or offering unregistered securities, investment products, or high-risk financial products without obtaining the necessary licenses from local financial regulatory bodies.
- Unapproved Health Products: Selling or distributing medical devices, pharmaceutical drugs, or health-related products that are unapproved by relevant authorities such as the FDA, EMA, or local medical regulatory bodies.
- Unsafe Supplements: The sale or distribution of dietary supplements that have not undergone rigorous testing, safety evaluations, or proper certification from health authorities.
- Dangerous Chemicals: The sale or distribution of chemicals that are toxic, harmful, or pose a risk to human health or the environment, including industrial chemicals and cleaning agents that violate safety standards.
- Explosive Devices: The distribution or promotion of fireworks, blasting agents, or explosives, without the necessary permits or licenses.
- Data Privacy Violations: Collecting, storing, or processing personal data without proper consent, or in violation of privacy laws such as the GDPR, CCPA, or other local data protection regulations.
- Surveillance and Tracking: Selling or promoting products or services intended for illegal surveillance, hacking, or unauthorized data collection.
- Counterfeit and Knock-off Products: Selling or promoting counterfeit goods such as imitation electronics, fake designer clothing, and counterfeit handbags.
- Misleading Advertising: The use of misleading or deceptive advertising practices, such as using false reviews, making false claims about product capabilities, or advertising goods or services that do not exist.
- Offering Bribes: Engaging in bribery or offering payments or other benefits to influence business decisions or actions is prohibited.
- Corruption: Involvement in corrupt activities, including the act of using company funds to engage in corrupt business dealings or transactions, violates ethical standards.
- Illegal Gambling: Operating or facilitating gambling activities such as online casinos, sports betting, or lotteries without the appropriate licenses from local or international gambling authorities.
- Betting Services: Offering or facilitating betting services in jurisdictions where such services are not licensed or are outright illegal.
- Email Spam: Sending unsolicited emails or messages for advertising, phishing attempts, or for selling fraudulent goods or services.
- Phishing: Any attempt to acquire sensitive personal information from customers, such as credit card numbers or passwords, under false pretenses.
- Offering Insurance Without License: Any business that sells or promotes insurance services, products, or policies without the necessary license or regulatory approvals.
- High-Risk Investment Products: Promoting high-risk financial products without adequate disclosure of associated risks or obtaining necessary licensing.
- Tobacco Sales: The sale of tobacco products such as cigarettes or cigars in jurisdictions where the sale is not compliant with regulations.
- E-cigarettes and Vaping Products: Selling vaping products or e-cigarettes without adherence to local tobacco and health regulations or in violation of health safety laws.
- Hacking Software: The sale or distribution of software that is intended for hacking, cracking, or breaching digital systems.
- Spyware: Products that enable unauthorized access to computers, smartphones, or other personal devices to monitor or collect data without user consent.
- Unregulated Cryptocurrency Transactions: Engaging in unlicensed cryptocurrency exchanges or offering unregulated digital asset trading services that are in violation of local laws or financial regulations.
- Cryptocurrency Scams: Promoting or participating in cryptocurrency-related scams, Ponzi schemes, or fraudulent ICOs (Initial Coin Offerings).
- Trafficking: Any business that engages in or promotes human trafficking, including the illegal recruitment, transport, or trade of people for forced labor or sexual exploitation.
- Child Labor and Abuse: Engaging in or supporting the exploitation of children, either through forced labor or participation in illicit activities.
- Pollution and Hazardous Waste: Businesses that engage in practices that result in pollution, improper disposal of toxic materials, or the release of harmful substances into the environment.
- Illegal Wildlife Trade: The sale of endangered species or their derivatives, including illegal animal parts or products derived from protected species.
- Unauthorized Betting Platforms: Promoting or operating betting services, online casinos, or lotteries without necessary licensing or in violation of jurisdiction-specific regulations.
- Unlicensed Casinos and Gambling Services: Offering gambling products or services that do not comply with the specific laws of the local jurisdiction, including illegal online casinos.
- Unregulated Financial Products: Selling or promoting unlicensed financial products such as stocks, bonds, or securities that have not been approved by relevant financial authorities.
- Unlicensed Sales of Investment Services: Providing services related to investment products or services without proper licensing or registration with financial regulatory bodies.
High-Risk Jurisdictions:
- Any country or region subject to comprehensive international sanctions, trade restrictions, or embargoes enforced by the United Nations (UN), European Union (EU), United States (US), or other governmental bodies.
- These countries are identified based on their involvement in illegal activities such as terrorism, organized crime, or money laundering, or those deemed to have insufficient anti-money laundering (AML) laws or regulations.
- Examples include, but are not limited to, North Korea, Iran, and regions affected by ongoing conflict or instability.
High-Risk Persons:
- Politically Exposed Persons (PEPs): Individuals who hold or have held significant public positions or their family members or close associates. PEPs are considered high risk due to the potential for corruption, bribery, or abuse of power.
- Persons on Sanctions Lists: Any individual or entity listed under sanctions or watchlists maintained by international regulatory bodies (such as the US Department of the Treasury's Office of Foreign Assets Control (OFAC), the EU, or the UN).
- Criminally Inclined or Involved in Financial Crimes: Individuals or entities engaged in money laundering, fraud, terrorism financing, or other illegal financial activities.
Prohibited Transactions with High-Risk Jurisdictions and Persons:
- ALMG prohibits any transactions, business relationships, or financial dealings with individuals, entities, or governments from high-risk jurisdictions or persons involved in criminal activities.
- Due diligence is required to identify and prevent such associations, and all transactions must comply with international AML and Know Your Customer (KYC) requirements.
This policy aims to create a secure and ethical environment for businesses operating through Almar Prog (ALMG). Engaging in any of the aforementioned prohibited activities will result in immediate actions including termination of business relationships, blocking of access to the platform, and reporting to appropriate authorities. This policy is subject to amendments at ALMG’s discretion to ensure continued compliance with local, national, and international regulations.
If you have any questions or require clarification on any of the terms above, please contact Almar Prog’s legal and compliance team for guidance.