a) Anonymous or numbered accounts, or accounts in fictitious names.

b) Accounts where the name of the applicant does not bear the complete name as stated on the corporate documents.

c) Legal entities/UBOs/Related Persons subject to economic sanctions by Canada, the United Nations or the European Union.

d) Legal entities/UBOs/Related Persons subject to the ‘SDN’ or ‘SSI’ designation by OFAC (i.e. subject to an asset freeze or sectoral sanctions).

e) Legal entities/UBOs/Related Persons that are nationals / residents / incorporated in a country or jurisdiction which is subject to comprehensive sanctions or embargoes as determined and updated by the competent authorities from time to time (for example North Korea) or a prohibited country/territory as determined by Nicheclear (see Annex I).

f) Legal entities/UBOs/Related Persons involved in human trafficking (exploitation or prostitution of others or other forms of sexual exploitation, forced labor or services, slavery or practices similar to slavery, servitude or the removal of organs).

g) Legal entities/UBOs/Related Persons involved in narcotics trafficking or trading.

h) Legal entities/UBOs/Related Persons involved in manufacturing and/or trading of defense, arms, weapons and weapon materials or entities that provide armed security services or undertaking military missions (e.g. mercenary missions).

i) Legal entities involved in the online trading of cultural artifacts, and other items of archaeological, historical, cultural and religious importance, or of rare scientific value, as well as ivory and protected species.

j) Darknet marketplaces.

k) Legal entities trading in nuclear related raw materials, products and services.

l) Legal entities/UBOs/Related Persons convicted of a crime that is considered a predicate offence under relevant legislation in the respective jurisdiction.

m) Legal entities with trusts in their ownership structure, whose Beneficial Owners are not determined (i.e. certain discretionary trusts) or whose purpose is not compatible with the business activity/economic profile of the Customer, or whose establishment bears no legitimate economic reason.

n) Gambling / gaming operators or virtual asset service providers with AML standards that are not equivalent to those of Canada.

o) Unlicensed online pharmacies or online pharmacies selling prescription drugs.

p) Dealers in medical cannabis.

q) Correspondent banking relationship with a shell bank.

r) Legal entities with a Complex Structure, where there is no transparent and legitimate economic reason for its complexity.

s) UBOs / Related Persons are minors.

t) Peer-to-peer lending platforms.

u) Legal entities where the UBO(s) cannot be identified e.g. in cases of trusts or foundations that lead to a group of individuals that are related to a descendant; international humanitarian movements etc.

v) Applicants who refuse to provide Nicheclear with all the information requested in accordance with the Company’s policies and procedures.

w) Any other cases where the information collected on the prospective Customer, the UBOs or Related Persons, is such that the MLRO considers that the Company should not proceed with the establishment of a Business Relationship.

x) Charitable organizations.

y) Businesses dealing with binary options.

z) Multi-level marketing and pyramid scheme businesses.

aa) Unlicensed and/or unregulated services, including gambling, for which a license is ordinarily required.

bb) Any activity engaged in deceptive or unethical conduct or marketing.

cc) Legal entities/UBOs/Related Persons operating in the trading or production of chemicals.

dd) Legal entities involved in the online trading of counterfeit goods, replicas, or unauthorized goods.

ee) Legal entities involved in any activity related to animal testing or cruelty to animals.

ff) Legal entities/UBOs/Related Persons dealing with any activity that is:

o unlawful or fraudulent under local and international laws or which could cause Nicheclear to breach any applicable law or regulation; or

o likely to cause harm; or

o abusive, offensive, harmful; or

o used for unsolicited or unauthorized advertising, promotional material, or any other form of spam.