Risk Appetite Statement

Montify LTD ("the Company", "the Firm", "we", "us" or "our") is a company registered in England and Wales under registration number: 12230765, and the address of our Registered Office and Trading Address is at New London House, 6, London Street, London, England, EC3R 7LP. We are authorised and regulated by the Financial Conduct Authority ("FCA") under the Financial Services and Markets Act 2000 (the "Act") with FCA Firm Reference Number ("FRN") 901069.

This statement describes Montify AML Risk Appetite and provides the framework through which the Business describes the level and types of AML risk that Montify is willing to incur in executing its broader business strategy.

Accepted Business

As a general principle, Montify shall not onboard Customers carrying out businesses or activities that are illegal, conducted in absence of required licenses or permissions, or present an excessive reputational risk for Montify.

Prohibited businesses

Please see prohibited business types that should not be supported by Montify:

• Aphrodisiacal: substances promoted to increase sexual demand or improve sexual performance of any kind.
• Cannabidiol (“CBD”), E-cigarettes and vapes.
• Charities and donations, NGOs, NPOs and international organizations.
• Child pornography, Non-consensual acts, Violence without an obvious sexual context or any illegal activities i.e.: human trafficking, rape, bestiality, exploitation of prostitution, illegal or forced labour.
• Collection of debts or recovering / collecting past due receivables.
• Companies involved in any form of trade in protected species(contrary to the CITES convention), or trading in ivory or similar activities.
• Counterfeit goods / replicas, spoofed or fake products or services of any nature or those infringing on intellectual property rights, including those designed to infringe on such intellectual property.
• Crowdfunding including ICO, IDO, IGO, NFT and any other forms for collecting funds
• Dating
• Defense / Military related / Dual use goods.
• Drug paraphernalia (devices and tools to use drugs)
• Drugs / Illicit substances, steroids, and certain controlled substances or other products that present a risk to consumer safety
• Embassies and consulates considered as government representation, Government offices.
• Fireworks / pyrotechnic articles.
• Fortune telling, Hypnosis or similar services in-person, or via video, phone, chat, app, or SMS messaging, including horoscopes, astrology readings, psychic hotlines, fortune telling, tarot card reading, future tellers, clairvoyance and similar.
• Get rich quick schemes, including but not limited to work from home business opportunities, if deemed illegal and / or deceptive.
• Hawala or similar unlicensed money transfer activities that defeat common sense explanations.
• Health care services such as plastic surgery, Botox, fillers, tattoos, laser treatments, permanent makeup, medical test, and devices such as DNA-tests or non-specific biological therapies used to promote general well-being.
• Human beings, human organs, tissues and other human body parts, purchases.
• Jammers or devices that are designed to block, jam, or interfere with cellular and personal communication devise / signals, decryption and descrambler products including mod chips, spy devices / services / software.
• Malware and including but not limited to computer viruses, worms, trojan horses, spyware, dishonest adware, crimeware, unauthorized rootkits, and other malicious and unwanted software.
• Mini bonds.
• Multi-Level Marketing (“MLM”).
• Political Parties.
• Product derived from food, vitamin, or mineral sources with extra health benefits in addition to the basic nutritional value found in food, which have not been subjected to testing and regulation by national and / or international health / pharmaceutical agencies / authorities.
• Products/servicesspecifically offered or intended to be used to create drugs or grow ingredients for drugs.
• Products / services that promote hate, violence, discrimination, terrorism, harassment, abuse, racism, religious persecution, or glorification of war.
• Prostitution and Escort services (plus local legislation).
• Pyramid or Ponzi schemes, high yield investments, conflict diamonds, boiler room frauds, land banking, carbon trading or share tipping.
• Regulated Cannabis Industry.
• Sale of animals.
• Sale of government ID’s or documents
• Sex / Erotic clubs including striptease and swingers' clubs.
• Sex / Erotic Toys incl. charm products.
• Surrogacy and clinical trials.
• Telemarketing companies
• Unregulated pharmaceuticals, illegal drugs and or unlicensed drug-related activity
• VOIP.
• Weapons, firearms, ammunition, and related products / services.

Prohibited Countries