💡 Lemonway is a payment institution licensed by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR) to provide payment services in France and the European Economic Area. Under the terms of its licence, Lemonway must abide by KYC (Know your Customer) and AML-TF regulations.
This means Lemonway checks customer business activities (for partners who operate online platforms and hold payment accounts) before entering into a business relationship and during the subsequent business relationship.
Lemonway reserves the right not to cease a business relationship with clients undertaking the following activities. This list is not comprehensive: it is provided for information only and may be added to by Lemonway at any time as its internal risk classification evolves.
Some activities may also be forbidden under rules imposed by Lemonway suppliers: payment acceptance networks (Visa, Mastercard, SoFort, etc.), partner banks, etc. Payment acceptance networks providing payment methods available via Lemonway may have stricter rules for some products and services.
Users of Lemonway payment services are responsible for checking any restrictions and prohibitions that apply to these payment methods to ensure that their business activities abide by these rules. While Lemonway may agree to provide payment services for a specific business activity, this should not be interpreted as legal advice from Lemonway on the legality of the activity in question.
In any case, the client undertakes to ensure that business activities carried out via Lemonway payment services abide by payment acceptance network rules and by the law in the countries of service origin and supply.
The following list of prohibited activities is therefore provided for information only and should not be taken as comprehensive or representing Lemonway's risk appetite. The full list is ever-changing and confidential.
Crowdfunding (donations, loans, investments) and other related activities:
- Extremist/ultra-radical/dissident/propagandist movements
- Promotion of causes associated with forbidden activities (e.g. legalising narcotic substances)
- Funding criminal fines
- Tobacco sales
- Narcotic substance sales
- Cannabis-derived product sales (e.g. cannabidiol)
- Piracy device/spyware sales
- Counterfeit product sales
- Arms sales
- Airsoft/imitation firearm sales
- Unauthorised streaming sites
- Pornographic sites (services, videos)
- Escort services
- Pre-paid card issuing
- Trading or Forex sites
- Currency purchasing
- Sites promoting terrorism
- Proselytising sites
- Online gambling (sports betting, poker) without a licence
- Sales of followers, views, likes or comments
Some activities that are deemed a risk but not forbidden by Lemonway may also be carefully considered by our Financial Security department in order to decide whether to enter into, refuse, continue or cease a business relationship with the customer, or to take any additional measures (financial, non-conformity, reputational) to reduce the risk. The list of activities deemed a risk is also ever-changing and confidential.
For example, Lemonway considers activities associated with blockchain or fortune-telling to be a risk.