This statement is wrong. Companies doing high-risk business may come across certain difficulties in opening an account, but it is not possible to say for sure that they are out of law. If your business is related to the following industries, please do discuss any possible pitfalls with our experts. 1. Casino, gambling, online gaming. 2. Business related to CBD. In fact, drugs are severely punished in Singapore. Capital punishment included. 3. Escort services. 4. Services based on the telemarketing technology. 5. Hardware and software for personal computers. 6. Services of collection agencies. 7. Nutraceuticals. 8. Tourist agencies, booking services. 9. Any adult services. 10. FOREX. 11. Bitcoin trading. 12. Vaping (e-cigarettes).