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Figo Prohibited Use Policy

Last Updated: December 23, 2025

This Figo Prohibited Use Policy ("Prohibited Use Policy") applies to all products, services, offerings, platforms, or technologies provided by Figo Boost Inc. ("Figo", "we", or "us"), whether provided directly by us or through any partnership, integration, or co-branding arrangement ("Figo Services").

1. General Prohibitions

You may not use any Figo Services in any manner that:

  • Violates any applicable law, regulation, or sanctions program.
  • Contravenes applicable payment network rules, partner requirements, or Figo policies.
  • Circumvents limits, authentication, or risk-control measures imposed by Figo or its partners.
  • Involves the provision of services to third parties without express written authorization from Figo.

2. Sanctioned & Restricted Jurisdictions

You may not access or use Figo Services if you are:

  1. Located in, a resident of, or otherwise transacting with a country, territory, or entity subject to comprehensive sanctions or embargoes (including Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, or Luhansk regions of Ukraine).
  2. Located in, or transacting with, jurisdictions that Figo prohibits due to high money laundering, fraud, or compliance risk.
  3. A person or entity named on any restricted party list issued by the United States, United Kingdom, European Union, United Nations, or other applicable jurisdiction.

Current Service Regions: Figo Services are currently available only to residents of Nigeria, Ghana, and Kenya. We reserve the right to expand or restrict service availability at our discretion.

3. Prohibited Activities

3.1 Illegal Activities

You may not use any Figo Service for any activity that is unlawful, regulated without a license, or otherwise restricted. This includes:

  • The sale of illegal drugs or controlled substances without appropriate authorization or licensing.
  • Prostitution, unlawful adult services, human trafficking, or sexual exploitation.
  • Unlicensed gambling or wagering, including internet gambling where prohibited.
  • The sale of unlicensed weapons, ammunition, explosives, or defense articles.
  • Dealing in stolen property or goods obtained through fraud.

3.2 Financial Crimes & Fraud

You are prohibited from using any Figo Service for:

  • Engaging in the sale or distribution of counterfeit goods or services.
  • Money laundering, terrorist financing, sanctions evasion, or other financial crimes.
  • Using cryptocurrency mixers, tumblers, or privacy-enhancing coins where prohibited.
  • Market manipulation, insider trading, fraudulent investment schemes.
  • Creating multiple accounts to circumvent transaction limits or verification requirements.
  • Providing false, incomplete, or misleading information to Figo or its partners.

3.3 Strictly Prohibited Activities

  • Unlicensed money services, currency exchange, or virtual asset brokerage.
  • Operating digital asset exchanges, secondary NFT marketplaces, ICOs, or cryptocurrency wallets not authorized by Figo.
  • High-yield investment programs or pyramid schemes.
  • Multi-level marketing schemes.
  • Debt consolidation, debt settlement, credit repair, or counseling services.
  • Adult content businesses.
  • Tobacco product sales.
  • Unlicensed crowdfunding or fundraising platforms.
  • Processing payments on behalf of undisclosed third parties.

4. Stablecoin & DeFi Specific Restrictions

4.1 Permitted Stablecoin Use

Figo Services are designed for legitimate personal and business use of USD-pegged stablecoins (USDC) for:

  • International payments and subscriptions.
  • Cross-border commerce and shopping.
  • Legitimate freelance and remote work compensation.
  • Business-to-business payments.
  • Personal savings and dollar access.

4.2 Prohibited Stablecoin Activities

  • Transfer USDC to known mixing services, privacy protocols, or sanctioned addresses.
  • Engage in wash trading, market manipulation, or artificial transaction volume.
  • Fund or receive funds from darknet markets, ransomware operations, or illegal online marketplaces.
  • Participate in rug pulls, pump-and-dump schemes, or fraudulent token launches.

5. Card-Specific Restrictions

5.1 Cash-Like Transactions

You may not use your Figo Card for transactions defined as cash-like transactions unless expressly permitted:

  • Purchase of money orders, traveler's checks, or foreign currency.
  • Wire transfers, money transfers, or peer-to-peer payment account funding.
  • Purchase of cryptocurrency or other digital assets outside Figo-approved flows.
  • Purchase of lottery tickets, casino chips, wagers, or gambling tokens.

6. Consequences of Violations

Violations of this Prohibited Use Policy may result in:

  • Immediate account suspension or termination.
  • Forfeiture of funds associated with prohibited activities.
  • Reporting to law enforcement and regulatory authorities.
  • Legal action to recover damages, losses, or penalties.
  • Permanent ban from Figo Services.

7. Changes to this Policy

We may update this Prohibited Use Policy at any time by posting a revised version on our website at spendfigo.com. Your continued use of Figo Services after the effective date of an update constitutes your acceptance of the revised Prohibited Use Policy.

8. Governing Law

This Prohibited Use Policy is governed by the laws of the State of Delaware, United States, without regard to conflict of law principles.

Contact Information

For questions about this policy, contact us at: hi@spendfigo.com