Overview
Bedrock is committed to upholding high standards of compliance, safety, and integrity across our financial platform. This Prohibitions List outlines the jurisdictions, business activities, and transactions that are either restricted or prohibited when using Bedrock's products and services.
These restrictions apply to all customers, end users, and businesses that access or use Bedrock — including account holders, cardholders, and recipients of funds. We may decline, suspend, or terminate access at any time where activity falls within these categories or otherwise presents elevated financial, legal, regulatory, or reputational risk.
Restricted Jurisdictions
Prohibited Countries
Bedrock does not onboard, open accounts for, or issue cards to individuals or businesses residing, registered, or operating in the following jurisdictions:
- Afghanistan
- Algeria
- Belarus
- Burundi
- China (including Mainland China)
- Congo, Democratic Republic of the
- Cuba
- Gaza Strip
- India
- Iran
- Iraq
- Israel
- Japan
- Lebanon
- Libya
- Myanmar (Burma)
- Nepal
- Nicaragua
- North Korea (Democratic People's Republic of Korea)
- Russia
- Somalia
- South Sudan
- Sudan
- Syria
- Tunisia
- Turkey
- Ukraine (including the territories of Crimea, Sevastopol, Donetsk, Kherson, Luhansk, and Zaporizhzhia)
- Venezuela
- Vietnam
- West Bank (Palestinian Territory, Occupied)
- Yemen
Individuals and businesses located in countries appearing on international watchlists (such as the FATF Grey List) may be subject to case-by-case review, enhanced due diligence, and explicit compliance approval before onboarding.
United States Restrictions
Within the United States, Bedrock does not currently support customers whose principal residential or operating address is in the State of New York.
Transaction Restrictions
In addition to the onboarding restrictions above, Bedrock cards and accounts cannot be used to send, receive, or settle transactions in or connected to:
- Cuba
- Iran
- North Korea
- Russia
- Syria
- Ukraine
- Venezuela
This restriction applies regardless of whether the customer is an individual or an entity.
Prohibited Business Activities
Bedrock will not knowingly establish or maintain accounts or card programs for businesses that engage in the following activities under any circumstances:
Illegal and Unlawful Activity
- Unlawful, abusive, fraudulent, predatory, or deceptive practices
- Manufacture or distribution of illegal or controlled substances, including drug paraphernalia, SARMs, peptides, and pseudo-pharmaceuticals
- Cannabis and cannabis-related products and services (including CBD)
- Pharmaceuticals operating without proper licensing
- Tobacco products
- Substances designed to mimic illegal drugs
- Human trafficking, prostitution, escort services, mail-order bride operations, and similar activities
- Production or distribution of illegal or protected digital content, including child sexual abuse material
- Counterfeit or unauthorized goods and intellectual property infringement
- Trade in human remains or body parts
- Trade in endangered species or wildlife products
- Materials or activities promoting hate, intolerance, or violence
Deceptive and Predatory Practices
- Pyramid schemes, Ponzi schemes, multi-level marketing (MLM), and similar deceptive structures
- Predatory lending, payday loans, deceptive credit repair, and abusive debt-related services
- Direct marketing operations
- Data brokerage services, particularly those involving unauthorized personal data
Gambling and Speculative Activity
- Unlicensed or illegal gambling, betting, sweepstakes, and lotteries
- Games of chance
- Unlawful prediction markets
Weapons, Hazardous Materials, and Restricted Equipment
- Weapons, firearms, ammunition, munitions, explosives, and fireworks (manufacturing, dealing, or restricted sales)
- Hazardous materials, chemicals, or poisonous substances without proper regulatory clearance
- Espionage equipment, signal jammers, and signal blockers
Adult Content
- Adult content, services, or classifieds
Financial and Regulated Services
- Unlicensed money services businesses (MSBs), nested banking arrangements, and nested payment processing operations
- Unlicensed providers of otherwise-licensed activities, including unlicensed cryptocurrency sales
- Cryptocurrency mixing or tumbling services
- Check cashing
- Bail bonds
- Collections agencies
- Safe deposit box rentals
- Precious metals dealers, jewelry, watches, and luxury goods resale operations
- Investment, credit, digital asset exchange, money services, or money transmission services that customers provide to third parties through Bedrock
- Political campaign fundraising and donation platforms
- Abortion-related services
Other
- Any business that Bedrock determines poses elevated financial risk, legal liability, or that may violate applicable laws, payment network rules, bank policies, or partner requirements
Prohibited Transactions
Bedrock cards, accounts, and virtual accounts cannot be used for any of the following:
- Drug-related purchases, including marijuana, cannabis, CBD, controlled substances, drug paraphernalia, SARMs, peptides, pseudo-pharmaceuticals, and black-market items
- Transactions on dark web marketplaces or for hacking, cybercrime, malware, or theft-related services
- Unlicensed or illegal internet pharmacies and pharmacies operating outside regulated jurisdictions
- Pharmaceuticals sold without proper licensing
- Tobacco products
- Firearms, ammunition, explosives, and fireworks (where restricted)
- Hazardous, poisonous, or chemical materials without regulatory clearance
- Espionage equipment, signal jammers, and signal blockers
- Escort services and similar adult-service platforms
- Adult content, services, or classifieds
- Downloading, streaming, or distributing illegal or protected digital content
- Counterfeit goods, materials, or intellectual property infringement
- Trade in human remains or body parts
- Trade in endangered species or wildlife products
- Materials or activities promoting hate, intolerance, or violence
- Unlicensed or illegal gambling, betting, sweepstakes, lotteries, and games of chance
- Unlawful prediction markets
- Unlicensed or illegal cryptocurrency purchases, trading, or exchange
- Cryptocurrency mixing or tumbling services
- Unlicensed or illegal auction sites
- Predatory lending, payday loans, deceptive credit repair, and abusive debt services
- Unauthorized data brokerage
- Bail bonds, collections agencies, and check cashing
- Precious metals, jewelry, watches, and luxury goods (subject to network and partner restrictions)
- Direct marketing
- Abortion-related services
- Any transaction that Bedrock determines poses elevated financial, legal, regulatory, or reputational risk
High-Risk Business Activities
The following activities are considered high-risk. Businesses engaged in any of them must disclose the activity to Bedrock during onboarding and may be subject to enhanced due diligence, additional documentation requirements (such as evidence of licensing, regulatory compliance, or internal controls), and explicit compliance approval before access is granted:
- Money services, including check cashing, gift cards, ATMs, and remittances
- Lending or banking
- Foreign exchange, virtual currency brokerage, and OTC trading
- Holding client funds, including escrow services
- Third-party payment processing
- Cryptocurrency platforms and exchanges
- Charities and non-governmental organizations (NGOs)
- Precious metals dealers
- Online content or creator platforms (including subscription-based streaming or tipping)
- Regulated gambling and fantasy sports operators
Approval for high-risk activities is granted on a case-by-case basis at Bedrock's sole discretion and may include ongoing monitoring obligations.
Compliance and Enforcement
All Bedrock customers are subject to identity verification, business verification (KYB), sanctions screening, and ongoing compliance monitoring. Bedrock reserves the right to:
- Decline applications from individuals or businesses falling within the categories described above
- Request additional documentation or information at any time
- Restrict, suspend, or terminate accounts and card programs for activities that violate this Prohibitions List
- Report activity to regulators, law enforcement, financial partners, and payment networks as required by applicable law
Changes to This List
Bedrock may update this Prohibitions List at any time to reflect changes in applicable law, regulatory guidance, partner requirements, or our internal risk policies. The most current version will always be posted on this page.
Contact
If you have questions about this Prohibitions List, please contact us at support@bedrockbank.com.
Last updated: May 2026