Prohibited Activities or Transactions at Flip for Business

Flip for Business service is prohibited to be used for activities or transactions that are:

• indicated to money game activities and ponzi schemes;
• p2p that is not/not yet registered with the Financial Services Authority (OJK);
• Multi-Level Marketing/Tiered Marketing that is not licensed and is contrary to the Decrees and Regulations of the Ministry of Industry and Trade;
• Savings and Loans Cooperatives that do not have a permit and that are contrary to the regulations of the Ministry of Cooperatives and Small and Medium Enterprises of the Republic of Indonesia;
• Industry and trade in weapons;
• Manufacture and trade of counterfeit or pirated goods;
• Industry and trade in marijuana and other narcotics;
• Illegal activities under applicable laws and regulations;
• non-fiat currencies (including open loop virtual currencies);
• prostitution; or
• online lottery providers; mail-order lotteries, and sweepstakes.