At Teya, we want to empower as many small businesses as possible. However, as a regulated financial services provider, we must comply with strict rules to ensure the safety of our platform and the wider financial system.
The following businesses are prohibited from using Teya’s services.
| Business activity | Description |
|---|---|
| Money Transfer | Remittance businesses; unlicensed currency exchange services; peer-to-peer money transfer platforms. |
| Digital Goods: Games/Software Applications | Games; software applications; cloud-based storage resellers; e-commerce platforms selling virtual goods. |
| Pawn Shops and Salvage Yards | Gold and precious metal pawn shops; electronics resellers; second-hand vehicle yards. |
| Direct Marketing, Catalog Merchants & Subscriptions | Insurance brokerage services; telemarketing call centres; travel agencies selling flight packages; subscription services. |
| Cash Disbursements, Customer Financial Institution/POI Funding Transactions and Quasi Cash Services | Cheque cashing services; prepaid debit card issuers; currency exchange kiosks. |
| Securities/Brokers/Dealers | Business dealing in or brokering securities. |
| Insurance Sales, Underwriting | Any business activity linked with Insurance sales or underwriting. |
| Dating Services | Online dating platforms; matchmaking services; escort services. |
| Gambling | Casinos; sports betting platforms; lottery and sweepstakes sites. |
| Political/Religious Organisation | Political fundraising campaigns; religious donation platforms; international missionary programs. |
| Professional Services, not elsewhere classified | Professional Services firms that can’t be defined or classified under more specific activities. |
| Telecommunication Services | Computer Network/Information/Telecommunication Services such as prepaid phone services and recurring phone services, Cable, Satellite, and Other Pay Television and Radio Services. |
| Door-to-Door Sales | Any door to door selling activity regardless of nature of product sold. |
| Guns and ammunition sales | Any business allowing customers to purchase firearms or remove firearms or ammunition from the premises. |
| Jewellery/Precious Metal - Wholesale | Wholesale selling and/or distribution of precious metals or jewellery. |
| Trusts | Entities structured as trusts. |
| Adult Content | Businesses selling or producing adult goods or content. |
The following businesses may require additional checks before Teya can fully provide services to them. Approval is assessed on a case-by-case basis, and access may be adjusted or withdrawn if risk factors change.
| Business activity | Description |
|---|---|
| (Used Only) Automobile and Truck Dealers/Sales/Parts | (Used Only) Automobile and Truck Dealers, Sales, and Parts |
| Antique Shops: Sales/Repairs/Restoration Services | Antique Shops - Second Hand Stores, Used Merchandise Stores |
| Art Dealers/Galleries | Art Dealers and Galleries |
| Charity | Charitable and Social Service organisations |
| Clock/Jeweller/Watch/Silverware Stores | Retail stores selling jewellery or precious metals |
| For-Profit Membership Organisation | Any profit membership organisation that can't be classified more specifically under another business activity |
| Government Related | Any government/public sector business |
| Motor Servicing/Freight Carriers/Trucking | Local/Long Distance Freight, Moving and Storage Companies, Local Delivery, Courier Services - Air and Ground, Freight Forwarders, Service Stations |
| Photography Studios | Photographic Studios, Photo Developing, Photofinishing Laboratories |
| Real Estate, Property Rentals | Real Estate Agents and Managers, Rentals |
| Drugstores, Chemists, Pharmacies | Any store selling medication |
| Tobacco/Cigar/Vape/E-Cigarette Shop | Any store selling smoking or vape-related products |
High-risk jurisdictions and persons
Teya prohibits the use of its services for any activity, involvement, or sale of goods or services that, directly or indirectly, involves high-risk jurisdictions, related activities, or persons that Teya designates as high-risk or otherwise prohibited for legal, contractual, or business reasons.
This includes:
- persons listed on restricted person or party lists maintained by the United Kingdom, the European Union, the United Nations, or the US Office of Foreign Assets Control (OFAC), and
- any products or services connected with such jurisdictions or persons.
These restrictions are reviewed regularly and may change as regulations evolve.