Effective Date: 5 August 2026
Prohibited Activities and Countries
Silverleaf E-Money Services Ltd. (trading as PayitFast) is a regulated Money Services Business (MSB) and Payment Services Provider (PSP) in Canada supervised by FINTRAC and Bank of Canada. We are committed to maintaining the highest standards of compliance, security, and integrity. To meet our legal and regulatory obligations, certain activities, business types, and jurisdictions are not permitted on our platform.
This page outlines those restrictions in clear, simple terms.
1. Prohibited Industry/Activities
PayitFast does not offer its products or services, including the PayitFast Card, to any individual, business, or other entity that is engaged in, associated with, or facilitates illegal, fraudulent, deceptive, or otherwise harmful business activities that present elevated legal, regulatory, financial crime, or reputational risk.
PayitFast prohibits the onboarding of, or continued provision of services to, customers involved in such activities. This includes, but is not limited to:
- Any cross-border cash transactions or activities involving the physical movement of cash across jurisdictions
- Any activity intended to conceal or disguise the nature, location, source, ownership, or control of proceeds of criminal activity
- Any activity designed to evade or unlawfully reduce tax obligations
- Any involvement in human trafficking, including facilitating, supporting, or benefiting from such activities
- Providing, collecting, or transferring funds to facilitate criminal or terrorist activities
- Dealing in, processing, or facilitating transactions involving proceeds of crime
- Maintaining relationships with, or providing services to, any individual or entity subject to applicable sanctions, or engaging in activities connected directly or indirectly to any international sanctions program
- Use of personal accounts for business, commercial, or merchant purposes not expressly authorized
- Establishing or maintaining relationships with customers, entities, or businesses operating in or associated with the following industries or categories:
- adult entertainment;
- darknet or anonymous marketplaces;
- narcotics, controlled substances, or unregulated online tobacco sales;
- unregulated gambling, betting, or casino operations;
- shell banks;
- unregulated money services businesses (MSBs) or exchange houses;
- hawala dealers or informal value transfer systems;
- bearer share companies or opaque ownership structures;
- embassies, consulates, NGOs, and NPOs;
- Political campaign fundraising or donation platforms
- Businesses dealing in counterfeit or stolen goods
- Unlicensed pharmaceuticals or controlled substances
- Weapons, explosives, or related materials (where restricted by law)
- Adult services or content where prohibited by applicable regulations
- and unregulated banks, financial institutions (FIs), or non-bank financial institutions (NBFIs)
- Pyramid schemes, Ponzi schemes, or other deceptive practices
- Production or distribution of illegal digital content (e.g., child exploitation)
2. Prohibited Jurisdictions
PayitFast does not provide products or services to individuals, businesses, or other entities that are located in, incorporated in, or operating from jurisdictions designated as prohibited by PayitFast.
PayitFast will not onboard customers or offer products and services in jurisdictions that present elevated legal, regulatory, anti-money laundering (AML), counter-terrorist financing (CTF), sanctions, or other compliance risks, as determined by applicable laws, regulatory requirements, registered partners and PayitFast's internal risk assessment.
Applications involving individuals or entities with connections to jurisdictions identified on internationally recognized watchlists, including the Financial Action Task Force (FATF) Grey List, shall be subject to enhanced due diligence and a case-by-case assessment. Such applications may only proceed with the explicit written approval of PayitFast's Compliance Leadership.
PayitFast reserves the right to refuse, suspend, or terminate services where jurisdictional risks are deemed unacceptable or where required by applicable laws, regulations, or sanctions obligations.
These include:
- Abkhazia
- Afghanistan
- Albania
- Azerbaijan
- Belarus
- Bolivia
- Botswana
- Burkina Faso
- Burundi
- Cameroon
- Central African Rep
- China
- Congo, the Democratic Republic
- Cote D'Ivoire
- Cuba
- Ethiopia
- Gaza Strip
- Ghana
- Guatemala
- Guinea Bissau
- Haiti
- India
- Iran, Islamic Republic of
- Iraq
- Israel
- Japan
- Kazakhstan
- Kyrgyzstan
- Lebanon
- Libya
- Mali
- Moldova
- Myanmar
- Nagorno-Karabakh
- Nepal
- Nicaragua
- North Korea
- North Macedonia
- Northern Cyprus
- Palestine
- Russian Federation
- Sahrawi Arab Democratic Republic
- Senegal
- Sierra Leone
- Somalia
- Somaliland
- South Ossetia
- South Sudan
- Sri Lanka
- Sudan
- Syria
- Tajikistan
- Tanzania
- Tunisia
- Turkey
- Ukraine
- United States
- Venezuela
- Vietnam
- West Bank
- Yemen
- Zimbabwe
3. Card Spending Prohibitions
A. PayitFast cards cannot be used for spending in the following countries:
- Cuba
- Iran
- North Korea
- Russia
- Syria
- Ukraine
- Venezuela
Card usage is prohibited in each of the countries listed above, regardless of whether the cardholder is an entity or an individual.
B. PayitFast cards cannot be used for any of the following types of purchases:
- Purchase or trade of digital currencies
- Drug-related purchases, including marijuana, cannabis, CBD, and black-market items
- Payments on dark web marketplaces or for hacking/cybercrime services
- Internet pharmacies that are unlicensed or operate outside regulated jurisdictions
- Firearms, ammunition, or explosives (Corporate)
- Hazardous materials and chemicals without proper regulatory clearance
- Escort services or similar platforms
- Unlicensed or illegal auction sites
- Unregulated lending or payday loan services
- Data brokerage services, especially involving unauthorized personal data
- Purchase or trade of endangered species or wildlife products
