Activities auxiliary to financial intermediation n.e.c.
SIC Code: 66190 – Activities auxiliary to financial intermediation n.e.c.
Description of Activities:
JMD Investment & Commodities Trading Limited operates as a non-bank financial services entity providing auxiliary support to global financial intermediation through its specialist division, JMDICT UK POS Financial Services. The company facilitates intermediary payment processing, multi-currency merchant settlements, and escrow-based disbursement services related to international development, infrastructure, and humanitarian projects.
Operating under SIC Code 66190, JMDICT UK provides:
- Point-of-Sale (POS) infrastructure for controlled project disbursements
- Escrow and fiduciary services for secure capital allocation
- Non-depository, non-lending financial facilitation
- Transactional processing and settlement across regulated jurisdictions
- Back-office support to investment institutions and project sponsors
The company does not engage in traditional banking activities, such as deposit-taking or lending, and does not operate as a retail or investment bank. All services are structured to support project governance, compliance, and secure disbursement frameworks across multi-jurisdictional operations.
This classification reflects JMDICT’s strategic positioning as a financial intermediary platform supporting regulated transactions and economic development financing globally, in strict adherence to UK and international compliance standards.
Read More: Financial Institution; Merchant Category Code (MCC) 6012