Business industries we do not support
Due to regulatory requirements and restrictions, Mamo is unable to onboard businesses associated with the following prohibited areas:
Non-regulated cryptocurrency exchanges and trading platforms, NFT providers
Non-regulated ‘Introducing Brokers’
CFD brokerages
Charities
Cigarettes
Drug paraphernalia
Involve the sale of products or services identified by government agencies to have a high likelihood of being fraudulent
Lotteries / Auction / Raffle related activities
Sale of counterfeit products / intellectual property infringement goods or services
Sale of fake subscriptions or followers on social media/fake online traffic
Pawn shops
Crowdfunding platforms
High-value art dealers
High-value precious stones wholesalers (e.g. diamonds, gold)
Selling databases that breach the data protection law
Any other business that is against the local law in UAE
Military / weapons / dual goods related services
Adult content
Dating and escort services
Cyberlockers, file sharing services
Illegitimate providers of cloud storage, VPN services
Credit repair and credit protection
Debt repayment and debt collection activities
Fines or penalty collection activities
Pyramid or ponzi schemes, matrix programs
Sale of government ID’s or documents
Animals and wildlife products classified as endangered or protected (illegal sale of animals, birds etc.)
Call centers
Outbound telemarketing
Live streaming services
Gambling
Any kind of malware (spyware, virus, ransomware, etc.)
Marketing companies that sell ‘likes’ and followers on social media
Business that Mamo considers to be illegal or pose a risk, whether reputational or otherwise) to Mamo
Are inappropriate content, goods or services that promote, cause or further Hate/Violence/Racism/Religious persecution;
Activity that goes against local customs in the UAE
Restricted Businesses
Restricted businesses may be approved, but will require a more in-depth review and approval process. In certain circumstances, Mamo may require the business to provide proof of the appropriate license for the activity it purports to undertake.
Medical / healthcare services / pharmacies / veterinary services
Ancestry research (where DNA testing is involved)
Insurance companies
Regulated financial services
Real estate brokers
Any other profession/services that requires additional licensing according to the UAE law
These lists are non-exhaustive and are subject to review and change.
We reserve the right at all times to decline businesses that we consider to pose a risk, whether reputitional or otherwise.