Restricted Business Activities

Restricted Business Activities

Meridien International does not accept clients undertaking any prohibited or illegal activity and reserves the right to cease to provide services and cease to act without notice for any Owner if any Owner is, or becomes a prohibited client or engages in any illegal or prohibited activity.

Prohibited clients include, persons:

1.1 prohibited under the laws of any country by reason of being a minor or having no legal capacity (for whatever reason) or otherwise unqualified to be a party to a contract;

1.2 who have been an undercharged Bankrupt or disqualified as acting as a director or have been imprisoned or found guilty of any criminal offence or other than a motoring offence carrying a non-custodial sentence);

1.3 who have been proven to have acted act in a fraudulent or dishonest manner in any civil proceedings; who are resident in a country subject to any international restriction or embargo including, but without prejudice to the generality of the foregoing those imposed by the Security Council of the United Nations, the European Union or United Kingdom.

Illegal and prohibited activities include:

1.1 Trading or other illegal activities relating to money laundering: receiving the proceeds of drug trafficking or terrorist activities; receiving the proceeds of criminal activities, terrorist activities or trading with such countries as might from time to time be subject to any embargo imposed by the Security Council of the United Nations the European Union, or Cyprus.

1.2 Activities not approved by Meridien International which include, trading in arms, weapons or munitions, mercenary or contract soldiering, trading in security equipment such as stun guns, electronic restraining devices, CS or CN gas, pepper sprays or any other device that could lead to the abuse of human rights or be utilized for torture, technical surveillance or bugging equipment, industrial espionage, hazardous chemicals, biological matter or nuclear materials including the disposal of toxic waste or the dumping of such materials, human or animal organs destined for medical purposes, genetic material, adoption agencies including surrogate motherhood, activities leading to the abuse of refugees, pornography, establishing universities or colleges to provide degrees or qualifications, the provision of credit cards, pyramid sales or time share.

1.3 Financial business involving, soliciting funds from the public, offering Investment advice to the public, the management of investments other than where the assets so managed comprise the property of the Entity or the operation and administration of collective investment schemes.

1.4 For any purpose, which is illegal under the laws of any place of incorporation or establishment of the Entity or which, may damage the good reputation of Meridien International.

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