Certain business types are classified as high-risk under our compliance standards. If your business is involved in any of the activities listed in this article, it is important that you disclose this to our team before or during your KYB application.
High-risk activities
The following activities are considered high-risk. They are divided into two categories — activities that cannot be onboarded under any circumstances, and activities that may be considered subject to additional review.
Activities that are not permitted on Kosh
Businesses involved in any of the following will not be onboarded:
Category | Examples |
Illegal or harmful activity | Unlawful activity, fraud, unfair or predatory practices, counterfeit or unauthorised goods |
Gambling and games of chance | Gambling, lotteries, sweepstakes, unlawful prediction markets |
Weapons and regulated goods | Weapons, precious metals, jewellery, watches, luxury goods |
Controlled substances | Cannabis and cannabis-related products, pharmaceuticals, tobacco, substances designed to mimic illegal drugs |
Adult and sensitive content | Adult content and services, multi-level marketing |
Financial services to third parties | Digital asset exchange services, money services, money transmission services, investment or credit services — where these are being provided by your business to third parties via Kosh |
Other restricted activities | Bail bonds, collections agencies, safe deposit box rentals, mixing services, intellectual property infringement |
Any business that our compliance team or partners determine poses elevated financial, legal, or regulatory risk may also not be permitted, even if not explicitly listed above.
Activities that may be considered — subject to enhanced review
The following business types may be onboarded at the discretion of our KYB team. If your business falls into any of these categories, additional documents and information will be required before a decision can be made:
Money services — including remittances, check cashing, gift cards, or ATM operations
Lending or banking services
Foreign exchange, virtual currency brokerage, or OTC trading
Holding client funds — including escrow services
Third-party payment processing
Disclosure of these activities does not guarantee approval. Our compliance team will assess each case individually and may request further documentation before reaching a decision.
What happens after disclosure
Situation | Outcome |
Your business involves an activity from the permitted-with-review list | Enhanced KYB review — additional documents will be requested; approval is at the discretion of our compliance team |
Your business involves a prohibited activity | Your application will not be approved |
You did not disclose a high-risk activity and it is identified later | Your account may be suspended or terminated |
What to do if your business is involved in any of these activities
Do not wait until your KYB application is under review. Contact us at [email protected] before submitting your application so our team can guide you on eligibility and any additional requirements.
Kosh reserves the right to decline any application that does not meet our compliance and security standards, including business types not explicitly listed above.