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Yousewire Eligibility Criteria

Last Updated: July 12, 2026

Version: 2.1

This document outlines the eligibility requirements for using Yousewire Services. All users must meet these criteria to create and maintain a Yousewire account. Yousewire operates as a registered Money Services Business (MSB) in Canada and maintains strict compliance standards to ensure the integrity and security of our platform.

1. Individual User Eligibility

To be eligible as an individual user, you must satisfy the following requirements:

Age and Legal Capacity: You must be at least eighteen (18) years of age and possess the legal capacity to enter into a binding contract under the laws of your jurisdiction.

Identity Verification: You must successfully complete our Know Your Customer (KYC) verification process, which includes providing government-issued identification, proof of address, and biometric verification (liveness detection).

Geographic Restrictions: You must not be a resident of, or physically located in, any jurisdiction listed in Section 3 (Prohibited Jurisdictions) below.

Sanctions Screening: You must not appear on any sanctions lists maintained by the Government of Canada, the United Nations, the United States Office of Foreign Assets Control (OFAC), the European Union, or any other applicable sanctions authority.

Good Standing: You must not have been previously suspended or terminated from Yousewire Services due to violations of our Terms of Service or applicable laws.

2. Business User Eligibility

To be eligible as a business user, your business entity must satisfy the following requirements:

Legal Registration: Your business must be a duly registered legal entity (corporation, partnership, sole proprietorship, or other recognized business structure) in a jurisdiction where Yousewire operates or has approved for business account services.

Business Activity Compliance: Your business must not be engaged in any of the prohibited business activities listed in Section 4 (Prohibited Business Activities) below.

Know Your Business (KYB) Verification: Your business must successfully complete our KYB verification process, which includes providing:

  • Business registration documents
  • Articles of incorporation or equivalent
  • Proof of business address
  • Business ownership structure
  • Ultimate Beneficial Owner (UBO) identification and verification
  • Business activity description and supporting documentation

Beneficial Owner Screening: All beneficial owners (individuals owning 25% or more of the business) and key executives must not appear on any sanctions lists and must successfully complete individual KYC verification.

Geographic Restrictions: Your business must not be established in, operate primarily from, or have significant business connections to any jurisdiction listed in Section 3 (Prohibited Jurisdictions) below.

Regulatory Compliance: Your business must comply with all applicable laws and regulations in your jurisdiction of operation, including but not limited to anti-money laundering (AML), counter-terrorist financing (CTF), and consumer protection laws.

3. Prohibited Jurisdictions

Yousewire can onboard businesses and individuals in most countries worldwide. Our compliance framework adheres to international KYC / AML standards and all applicable sanctions regulations, including those issued by OFAC, the EU, UN, UK, and MAS.

Onboarding eligibility depends on jurisdictional risk, regulatory obligations, and our banking and payment network policies.

Yousewire is unable to onboard entities or individuals that are domiciled in, operate from, or primarily owned by persons in the following jurisdictions:

  • Belarus
  • Central African Republic
  • Cuba
  • China
  • DR Congo
  • Eritrea
  • Iran
  • Guinea-Bissau
  • Iraq
  • Lebanon
  • Libya
  • Mali
  • North Korea
  • Russian Federation
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Territories of Ukraine that are in dispute/occupied by the Russian Federation, including Donbas, Donetsk, Luhansk and Crimea, and other parts of Eastern Ukraine
  • Venezuela
  • Yemen
  • Zimbabwe

4. Prohibited Business Activities

Regardless of location, Yousewire does not support entities involved in the following industries or activities. This list aligns with our banking infrastructure policies and global regulatory standards to mitigate money laundering, terrorist financing, and other illicit activities.

  • Arms, defense, military
  • Atomic power
  • Correspondent banks
  • Counterfeit goods production, trading, or distribution
  • CSAM (Child Sexual Abuse Material)
  • Human trafficking
  • Illicit drug production, trading, or distribution
  • Proliferation financing
  • Pyramid or Ponzi schemes
  • Shell companies
  • Unlicensed banks
  • Unlicensed gambling or betting services
  • Unlicensed pharmaceuticals
  • Unlicensed/unregulated remittance agents
  • Wildlife trafficking
  • Any other illicit or criminal activity
  • Any other unlicensed companies

5. Right to Refuse Service

Discretionary Decisions: The list of prohibited business activities in Section 4 is not exhaustive. Yousewire reserves the right to refuse service to any individual or business that:

  • Engages in activities deemed inappropriate, high-risk, or inconsistent with Yousewire's risk appetite
  • Poses unacceptable compliance, legal, operational, or reputational risk to Yousewire
  • Operates in a manner inconsistent with Yousewire's values and commitment to financial integrity

Ongoing Monitoring: Yousewire continuously monitors user accounts and reserves the right to suspend or terminate services if:

  • A user's circumstances change such that they no longer meet eligibility criteria
  • A user engages in prohibited activities after account opening
  • New information emerges indicating elevated risk
  • Regulatory requirements or Yousewire's risk appetite changes

6. Updates to Eligibility Criteria

Yousewire reserves the right to update these eligibility criteria at any time to reflect changes in applicable laws and regulations, updates to international sanctions regimes, or guidance from our banking and payment network partners.

User Responsibility: It is your responsibility to regularly review these eligibility criteria and ensure that you continue to meet all requirements. Continued use of Yousewire Services constitutes acceptance of any updates to these criteria.

7. Consequences of Ineligibility

If you do not meet or cease to meet the eligibility criteria outlined in this document:

Account Suspension: Your account may be immediately suspended pending investigation and verification of your eligibility status.

Account Termination: Your account may be terminated, and you may be permanently prohibited from using Yousewire Services.

Fund Holds: Funds in your account may be held pending completion of enhanced due diligence, regulatory reporting obligations, or legal requirements.

8. Contact Information

If you have questions about your eligibility to use Yousewire Services or require clarification on any of the criteria outlined in this document, please contact:

Compliance Department
Email: compliance@yousewire.com
Phone: +1 (613) 851-5846

General Inquiries
Email: support@yousewire.com
Website: www.yousewire.com

Document Version History

  • Version 1.0 (February 18, 2026): Initial publication
  • Version 2.0 (February 18, 2026): Comprehensive update incorporating expanded prohibited jurisdictions (99 countries)
  • Version 2.1 (July 12, 2026): Update aligning prohibited jurisdictions and activities with Due Network banking infrastructure coverage