A Singapore
Business Account
That Just Works

We do not provide services or support to customers involved in, operating within, generating income from, or having any direct or indirect dealings in, with, or through the industries listed below.

Please note that this list is provided for illustrative purposes only and is not exhaustive.

• Cryptocurrency, Digital Token, Virtual Asset
• Anonymous or Numbered Accounts, Shell Banking/Companies
• Correspondent Banks
• Crowdfunding
• Cash and Check Handling: Check Cashing, Deposit Taking, Cash Transfer
• Credit repair, Debt Restructuring
• Debt recovery, Debt settlement, Debt Collections
• Multi-level marketing, Financial Pyramid or Ponzi Schemes
• Gambling and Gaming
• MSBs and PSPs
• Any industry known to be an illegal industry in its local jurisdiction or the UK or HK
• Illegal Drugs and Narcotics Illegal Services
• The sale or distribution of stolen goods, counterfeit goods and violation of intellectual property, or items that violate individual privacy
• Any products harmful to human health (tobacco, e-cigarettes, and e-liquid) and pharmacological goods
• Operating a business that requires a license or special permit without obtaining such license (i.e., Unregulated Auction Houses)
• Production of Adult or Violent content
• Production or Distribution of Offensive Weapons or with potential military applications: Ammunition, Firearms, Explosives, Complex Weapons (i.e., guided missiles), Poison, Nuclear-related
• Psychic services
• Selling, hosting, distributing, producing, or promoting offensive materials, including materials that incites or promotes racial hatred or Discrimination based on gender, race, religion, national origin, physical ability, sexual orientation, or age
• Transactions involving Human Organs and Other Services
• Sanctioned individuals and entities
• Products or services related to political campaigning, social campaigning
• Trading of restricted and/or endangered animal species and products derived from them
• Sales, distribution and/or trade of archaeological and cultural relics
• Import or export of specified ‘dual used goods’ listed on the defense and Strategic Goods List
• Trusts/Funds/Foundations
• Charities, Non Governmental Organisations, Not for Profit Organisations
• Any other businesses or transactions outside of our risk appetite (eg, Oil and Gas related; mining, trading & sales of precious metals such as gold) in accordance with our internal policies, our banking partners’ policies or the policies of participants in our payment network
  

For the up-to-date list, please visit our FAQ page.

These are the general guidance on jurisdictions that are not supported by Statrys.

In assessing whether Statrys is able to provide business services or facilitate payments, we may consider a range of factors, including, but not limited to:

• Customer location
• Nationality or residency of related parties
• Place of incorporation or registration
• Principal place of business or operations
• Source of funds and wealth
• Origin, routing, or destination of payments
• Any direct or indirect dealings in, with, or through the relevant jurisdictions
• Applicable regulatory, sanctions, or financial crime risks associated with the jurisdictions
  
  

The list below is determined based on a range of considerations, including applicable sanctions laws and regulations, our internal risk appetite, and restrictions imposed by our partner financial institutions, among other factors. Please note that the countries and jurisdictions listed are indicative only, are not exhaustive, and may be updated or amended from time to time without prior notice.

• Afghanistan
• Albania
• Belarus
• Bosnia and Herzegovina
• Central African Republic
• Congo
• Cuba
• Ethiopia
• Haiti
• Iran
• Iraq
• Kosovo
• Lebanon
• Libya
• Mali
• Montenegro
• Myanmar
• Nicaragua
• North Korea
• North Macedonia
• Russia
• Serbia
• Sevastopol
• Somalia
• South Sudan
• Sudan and Darfur
• Syria
• Ukraine (Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia)
• Venezuela
• Yemen
• Zimbabwe
  
  

As a regulated financial institution, Statrys is required to comply with all applicable laws and regulations across relevant jurisdictions. While we endeavour to provide our services as broadly and seamlessly as possible, all business relationships and transactions remain subject to review and assessment on a case-by-case basis in accordance with our risk-based compliance framework and applicable laws and regulations.

For the up-to-date list, please visit our FAQ page.

We are unable to accept applications from individuals with the following US affiliations:

• A US Citizen as Director
• A US Citizen as Shareholder/UBO (holding more than 10%)
• A US Resident as Director and/or Shareholder/UBO (holding more than 10%)

Nowadays, you don’t need a bank to run your business.

Statrys is not a bank, but it is a modern alternative to traditional business banking in Singapore by providing a single platform for all your cross-border payment needs. We also offer a range of local payment networks for different currencies, offering cost-effective payment options.

• Save time by making your application online.
• Save money when receiving, sending, and converting funds with competitive foreign exchange rates in multiple currencies.
• Save trouble with direct access to a dedicated account manager.