Restricted countries and industries list

 

The outgoing and incoming payments involving residents or businesses of the following countries and jurisdictions will not be processed:

Afghanistan, Akrotiri, Albania, Ashmore and Cartier Islands, Baker Island, Barbados, Belarus, Bouvet Island, British Indian Ocean Territory, Burkina Faso, Cambodia, Cayman Islands, Chad, Christmas Island, Clipperton Island, Cocos (Keeling) Islands, Coral Sea Islands, Cameroon, Crimea, Cuba, Democratic Republic of the Congo, Dhekelia, Democratic People’s Republic of Korea, East Timor, Falkland Islands, French Southern and Antarctic Lands, Gibraltar, Haiti, Heard and McDonald Islands, Howland Island, Iran, Iraq, Jamaica, Jan Mayen, Jarvis Island, Johnston Atoll, Jordan, Kenya, Kingman Reef, Libya, Mali, Mayotte, Midway Islands, Morocco, Mozambique, Myanmar, Navassa Island, Nicaragua, Nigeria, Norfolk Island, Pakistan, Palmyra Atoll, Panama, Paracel Islands, Philippines, Pitcairn Islands, Russian Federation, Saint Martin, Senegal, South Georgia and the South Sandwich Islands, South Sudan, Spratly Islands, Svalbard, Swaziland, Syria, Trinidad and Tobago, Turkey, Uganda, Vanuatu, Vietnam, Wake Island, Wallis and Futuna, Yemen, Zimbabwe.

We are not able to open bank accounts for residents and businesses of the following countries and jurisdictions:

Afghanistan, Albania, Barbados, Belarus, Burkina Faso, Cambodia, Cayman Islands, Congo, the Democratic Republic,  Gibraltar, Haiti, Iran, Iraq, Jamaica, Jordan, Mali, Morocco, Mozambique, Myanmar, Nigeria, North Korea, Panama, Philippines, Russian Federation, Senegal, South Sudan, Syria, Tanzania, Trinidad and Tobago, Turkey, Uganda, Vanuatu, Yemen.

We do not service companies of the following industries:

Adult entertainment (except dating services)
Banks (except specialized banks based in EU)
Carbon trading
Cash for gold
Cheque cashing
Counterfeit goods
Development aid
Diamond merchants
Medical marijuana/ cannabis (if over 0,2% THC)
Illegal goods
MLM/ pyramid schemes
Pawnbrokers
Binary options trading & financial products in jurisdictions that do not have or require regulation/ licensing
Political groups
Shell banks
Unregistered charities
Weapons, ammunition, rifles and related goods
Business with no license, where it is required by the law.

Industries not permitted to complete SWIFT payments: Cryptocurrency exchange, Financial brokerage, or companies related to gambling activities.

 

Restrictions for Multicurrency payments

Restricted countries list:

Afghanistan, Albania, Azerbaijan, Belarus, Bosnia and Herzegovina, Burma (Myanmar), Burundi, Central African Republic, Congo, Democratic Republic of the, Cuba, Eritrea, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Mali, North Korea, Russia, Serbia, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen.

Restricted industries list:

Crypto currencies & Digital stored value*, Counterfeit or unauthorized goods, Illegal products or services, Adult content and services, Get rich quick schemes, Companies that facilitate the aggregation of funds, Drug paraphernalia, Pseudo pharmaceuticals, Internet, mail or telephone order pharmaceutical or pharmacy referral services; Items that promote hate, violence, racial intolerance, or the financial exploitation of a crime, Substances designed to mimic illegal drugs, Illegal online Gambling, Online weapon Sales, Marijuana business, Licensed 3rd party Money Service Business*, Sanctioned businesses & Individuals, Investment & Credit Services, Pirated software, DVD or videos or item(s) otherwise infringing copyrighted works, Goods or services that infringe on the intellectual property rights of a third party, Multi-level Marketing, Social media activity related, Video game or virtual world credit management, 24×7 Remote tech support business, Collection Agencies, Payday loan companies, Time sharing and Travel tour package services, Cigarettes, tobacco or e-cigarettes, Anonymous or numbered accounts or Customers seeking to maintain an account in an obviously fictitious name; New bearer share issuance or issued bearer shares that have not been immobilized or are not with an approved custodian, Shell banks – i.e. an entity that has no physical existence in the country in which it is incorporated and licensed, and which is unaffiliated with a regulated financial group that is subject to effect consolidated supervision, Unlicensed or unregistered Money Services Businesses – i.e., companies offering services involving money/currency exchange, money transfer, cheque cashing, and issuing or selling, Any other category or payor that Supplier decides to prohibit, in its sole discretion.

* Notwithstanding the above, the Supplier may consider these industry and business types on a case by case exception basis.