Prohibited and High-Risk Countries
BANKCHAIN considers the following countries to be too risky and thus they are prohibited in line with applicable Group policy on the matter:
|
Prohibited Countries |
|
1. Afghanistan 2. Cuba 3. Iran 4. North Korea 5. Sudan 6. Syria 7. Yemen 8. Zimbabwe No new relationships are permitted when the client (including its shareholders, UBOs or users) is resident or operating in any of these countries. Similarly, no transaction originating from or going to these countries are permitted. It is strictly prohibited to make any transaction, directly or indirectly, in any currency. Those countries are under the status “deleted” on the platform. |
BANKCHAIN has assessed the following countries to represent a high risk of money laundering or terrorist financing:
|
High Risk Countries |
||
|
1. Albania 2. Algeria 3. American Samoa 4. Angola 5. Anguilla 6. Aruba 7. Azerbaijan 8. Bahamas 9. Bangladesh 10. Barbados 11. Belarus * 12. Belize 13. Bolivia 14. Bosnia and Herzegovina 15. Botswana 16. Brazil 17. British Virgin Islands 18. Burkina Faso 19. Burundi 20. Cambodia * 21. Cameroon 22. Cape Verde 23. Cayman Islands 24. Central African Republic * 25. Chad 26. Comoros 27. Côte d'Ivoire |
44. Guatemala 45. Guernsey 46. Guinea 47. Guinea-Bissau 48. Haiti 49. Honduras 50. Iraq * 51. Isle of Man 52. Jamaica 53. Jersey 54. Jordan 55. Kazakhstan 56. Kenya 57. Kosovo 58. Kyrgyzstan 59. Lao PDR 60. Lebanon * 61. Liberia 62. Libya * 63. Liechtenstein 64. Macedonia 65. Madagascar 66. Malawi 67. Mali * 68. Malta 69. Marshall Islands 70. Mauritania |
88. Palau 89. Palestinian Territory 90. Panama 91. Papua New Guinea 92. Paraguay 93. Philippines 94. Pitcairn 95. Republic of the Congo 96. Russia 97. Saint Kitts and Nevis 98. Saint Martin (Dutch Part) 99. Saint-Barthelemy 100.Samoa 101.Senegal 102.Serbia 103.Sierra Leone 104.Solomon Islands 105.Somalia * 106.South Sudan * 107.Sri Lanka 108.Suriname 109.Swaziland 110.Tajikistan 111.Tanzania 112.Thailand 113.Togo 114.Tonga |
|
28. Curaçao 29. Democratic Republic of Congo * 30. Djibouti 31. Dominica 32. Ecuador 33. Egypt 34. El Salvador 35. Equatorial Guinea 36. Eritrea 37. Ethiopia 38. Fiji 39. Gabon 40. Gambia 41. Ghana 42. Gibraltar 43. Guam
|
71. Mauritius 72. Mexico 73. Micronesia, Federated States of 74. Monaco 75. Mongolia 76. Montenegro 77. Montserrat 78. Morocco 79. Mozambique 80. Myanmar (Burma) * 81. Nauru 82. Nepal 83. Nicaragua 84. Niger 85. Nigeria 86. Niue 87. Pakistan
|
115.Trinidad and Tobago 116.Turkey 117.Turkmenistan 118.Turks and Caicos Islands 119.Uganda 120.Ukraine * 121.United Arab Emirates 122.US Virgin Islands 123.Uzbekistan 124.Vanuatu 125.Venezuela * 126.Vietnam 127.Wallis and Futuna Islands 128.Zambia
|
* incoming or outgoing transaction with these countries.
These countries are subject to closer monitoring. Approbation from the Compliance department is required before any transactions on case by case.
Country Risk Assessment – complete list
|
ISO3166-1 2 |
ISO3166-1 3 |
Name |
Country risk assessment |
|
AF |
AFG |
Afghanistan |
Prohibited |
|
AX |
ALA |
Aland Islands |
Medium Risk |
|
AL |
ALB |
Albania |
High Risk |
|
DZ |
DZA |
Algeria |
High Risk |
|
AS |
ASM |
American Samoa |
High Risk |
|
AD |
AND |
Andorra |
Medium Risk |
|
AO |
AGO |
Angola |
High Risk |
|
AI |
AIA |
Anguilla |
High Risk |
|
AQ |
ATA |
Antarctica |
Medium Risk |
|
AG |
ATG |
Antigua and Barbuda |
Low Risk |
|
AR |
ARG |
Argentina |
Medium Risk |
|
AM |
ARM |
Armenia |
Low Risk |
|
AW |
ABW |
Aruba |
High Risk |
|
AU |
AUS |
Australia |
Low Risk |
|
AT |
AUT |
Austria |
Low Risk |
|
AZ |
AZE |
Azerbaijan |
High Risk |
|
BS |
BHS |
Bahamas |
High Risk |
|
BH |
BHR |
Bahrain |
Medium Risk |
|
BD |
BGD |
Bangladesh |
High Risk |
|
BB |
BRB |
Barbados |
High Risk |
|
BY |
BLR |
Belarus |
High Risk - Compliance clearance required |
|
BE |
BEL |
Belgium |
Low Risk |
|
BZ |
BLZ |
Belize |
High Risk |
|
BJ |
BEN |
Benin |
Medium Risk |
|
BM |
BMU |
Bermuda |
Medium Risk |
|
BT |
BTN |
Bhutan |
Medium Risk |
|
BO |
BOL |
Bolivia |
High Risk |
|
BA |
BIH |
Bosnia and Herzegovina |
High Risk |
|
BW |
BWA |
Botswana |
High Risk |
|
BV |
BVT |
Bouvet Island |
Medium Risk |
|
BR |
BRA |
Brazil |
High Risk |
|
IO |
IOT |
British Indian Ocean Territory |
Medium Risk |
|
VG |
VGB |
British Virgin Islands |
High Risk |
|
BN |
BRN |
Brunei Darussalam |
Low Risk |
|
BG |
BGR |
Bulgaria |
Medium Risk |
|
BF |
BFA |
Burkina Faso |
High Risk |
|
BI |
BDI |
Burundi |
High Risk |
|
KH |
KHM |
Cambodia |
High Risk - Compliance clearance required |
|
CM |
CMR |
Cameroon |
High Risk |
|
CA |
CAN |
Canada |
Low Risk |
|
CV |
CPV |
Cape Verde |
High Risk |
|
KY |
CYM |
Cayman Islands |
High Risk |
|
CF |
CAF |
Central African Republic |
High Risk - Compliance clearance required |
|
TD |
TCD |
Chad |
High Risk |
|
CL |
CHL |
Chile |
Low Risk |
|
CN |
CHN |
China |
Medium Risk |
|
CX |
CXR |
Christmas Island |
Medium Risk |
|
CC |
CCK |
Cocos (Keeling) Islands |
Medium Risk |
|
CO |
COL |
Colombia |
Medium Risk |
|
KM |
COM |
Comoros |
High Risk |
|
CG |
COG |
Republic of the Congo |
High Risk |
|
CK |
COK |
Cook Islands |
Medium Risk |
|
CR |
CRI |
Costa Rica |
Medium Risk |
|
CI |
CIV |
Côte d'Ivoire |
High Risk |
|
HR |
HRV |
Croatia |
Medium Risk |
|
CU |
CUB |
Cuba |
Prohibited |
|
CW |
CUW |
Curaçao |
High Risk |
|
CY |
CYP |
Cyprus |
Medium Risk |
|
CZ |
CZE |
Czech Republic |
Low Risk |
|
CD |
COD |
Democratic Republic of Congo |
High Risk - Compliance clearance required |
|
DK |
DNK |
Denmark |
Low Risk |
|
DJ |
DJI |
Djibouti |
High Risk |
|
DM |
DMA |
Dominica |
High Risk |
|
DO |
DOM |
Dominican Republic |
Medium Risk |
|
EC |
ECU |
Ecuador |
High Risk |
|
EG |
EGY |
Egypt |
High Risk |
|
SV |
SLV |
El Salvador |
High Risk |
|
GQ |
GNQ |
Equatorial Guinea |
High Risk |
|
ER |
ERI |
Eritrea |
High Risk |
|
EE |
EST |
Estonia |
Low Risk |
|
ET |
ETH |
Ethiopia |
High Risk |
|
FK |
FLK |
Falkland Islands (Malvinas) |
Medium Risk |
|
FO |
FRO |
Faroe Islands |
Medium Risk |
|
FJ |
FJI |
Fiji |
High Risk |
|
FI |
FIN |
Finland |
Low Risk |
|
FR |
FRA |
France |
Low Risk |
|
GF |
GUF |
French Guiana |
Low Risk |
|
PF |
PYF |
French Polynesia |
Low Risk |
|
TF |
ATF |
French Southern Territories |
Low Risk |
|
GA |
GAB |
Gabon |
High Risk |
|
GM |
GMB |
Gambia |
High Risk |
|
GE |
GEO |
Georgia |
Low Risk |
|
DE |
DEU |
Germany |
Low Risk |
|
GH |
GHA |
Ghana |
High Risk |
|
GI |
GIB |
Gibraltar |
High Risk |
|
GR |
GRC |
Greece |
Low Risk |
|
GL |
GRL |
Greenland |
Medium Risk |
|
GD |
GRD |
Grenada |
Medium Risk |
|
GP |
GLP |
Guadeloupe |
Low Risk |
|
GU |
GUM |
Guam |
High Risk |
|
GT |
GTM |
Guatemala |
High Risk |
|
GG |
GGY |
Guernsey |
High Risk |
|
GN |
GIN |
Guinea |
High Risk |
|
GW |
GNB |
Guinea-Bissau |
High Risk |
|
GY |
GUY |
Guyana |
Medium Risk |
|
HT |
HTI |
Haiti |
High Risk |
|
HM |
HMD |
Heard Island and Mcdonald Islands |
Medium Risk |
|
VA |
VAT |
Holy See (Vatican) |
Medium Risk |
|
HN |
HND |
Honduras |
High Risk |
|
HK |
HKG |
Hong Kong |
Medium Risk |
|
HU |
HUN |
Hungary |
Medium Risk |
|
IS |
ISL |
Iceland |
Low Risk |
|
IN |
IND |
India |
Medium Risk |
|
ID |
IDN |
Indonesia |
Medium Risk |
|
IR |
IRN |
Iran |
Prohibited |
|
IQ |
IRQ |
Iraq |
High Risk - Compliance clearance required |
|
IE |
IRL |
Ireland |
Low Risk |
|
IM |
IMN |
Isle of Man |
High Risk |
|
IL |
ISR |
Israel |
Low Risk |
|
IT |
ITA |
Italy |
Low Risk |
|
JM |
JAM |
Jamaica |
High Risk |
|
JP |
JPN |
Japan |
Low Risk |
|
JE |
JEY |
Jersey |
High Risk |
|
JO |
JOR |
Jordan |
High Risk |
|
KZ |
KAZ |
Kazakhstan |
High Risk |
|
KE |
KEN |
Kenya |
High Risk |
|
KI |
KIR |
Kiribati |
Medium Risk |
|
RS |
KSV |
Kosovo |
High Risk |
|
KW |
KWT |
Kuwait |
Medium Risk |
|
KG |
KGZ |
Kyrgyzstan |
High Risk |
|
LA |
LAO |
Lao PDR |
High Risk |
|
LV |
LVA |
Latvia |
Low Risk |
|
LB |
LBN |
Lebanon |
High Risk - Compliance clearance required |
|
LS |
LSO |
Lesotho |
Medium Risk |
|
LR |
LBR |
Liberia |
High Risk |
|
LY |
LBY |
Libya |
High Risk - Compliance clearance required |
|
LI |
LIE |
Liechtenstein |
High Risk |
|
LT |
LTU |
Lithuania |
Low Risk |
|
LU |
LUX |
Luxembourg |
Medium Risk |
|
MO |
MAC |
Macao |
Medium Risk |
|
MK |
MKD |
Macedonia (Ex-Yugoslavia Republic) |
High Risk |
|
MG |
MDG |
Madagascar |
High Risk |
|
MW |
MWI |
Malawi |
High Risk |
|
MY |
MYS |
Malaysia |
Medium Risk |
|
MV |
MDV |
Maldives |
Medium Risk |
|
ML |
MLI |
Mali |
High Risk - Compliance clearance required |
|
MT |
MLT |
Malta |
High Risk |
|
MH |
MHL |
Marshall Islands |
High Risk |
|
MQ |
MTQ |
Martinique |
Low Risk |
|
MR |
MRT |
Mauritania |
High Risk |
|
MU |
MUS |
Mauritius |
High Risk |
|
YT |
MYT |
Mayotte |
Low Risk |
|
MX |
MEX |
Mexico |
High Risk |
|
FM |
FSM |
Micronesia, Federated States of |
High Risk |
|
MD |
MDA |
Moldova |
Medium Risk |
|
MC |
MCO |
Monaco |
High Risk |
|
MN |
MNG |
Mongolia |
High Risk |
|
ME |
MNE |
Montenegro |
High Risk |
|
MS |
MSR |
Montserrat |
High Risk |
|
MA |
MAR |
Morocco |
High Risk |
|
MZ |
MOZ |
Mozambique |
High Risk |
|
MM |
MMR |
Myanmar (Burma) |
High Risk - Compliance clearance required |
|
NA |
NAM |
Namibia |
Medium Risk |
|
NR |
NRU |
Nauru |
High Risk |
|
NP |
NPL |
Nepal |
High Risk |
|
NL |
NLD |
Netherlands |
Medium Risk |
|
AN |
ANT |
Netherlands Antilles |
Medium Risk |
|
NC |
NCL |
New Caledonia |
Low Risk |
|
NZ |
NZL |
New Zealand |
Low Risk |
|
NI |
NIC |
Nicaragua |
High Risk |
|
NE |
NER |
Niger |
High Risk |
|
NG |
NGA |
Nigeria |
High Risk |
|
NU |
NIU |
Niue |
High Risk |
|
NF |
NFK |
Norfolk Island |
Medium Risk |
|
KP |
PRK |
North Korea |
Prohibited |
|
MP |
MNP |
Northern Mariana Islands |
Medium Risk |
|
NO |
NOR |
Norway |
Low Risk |
|
OM |
OMN |
Oman |
Medium Risk |
|
PK |
PAK |
Pakistan |
High Risk |
|
PW |
PLW |
Palau |
High Risk |
|
PS |
PSE |
Palestinian Territory |
High Risk |
|
PA |
PAN |
Panama |
High Risk |
|
PG |
PNG |
Papua New Guinea |
High Risk |
|
PY |
PRY |
Paraguay |
High Risk |
|
PE |
PER |
Peru |
Medium Risk |
|
PH |
PHL |
Philippines |
High Risk |
|
PN |
PCN |
Pitcairn |
High Risk |
|
PL |
POL |
Poland |
Medium Risk |
|
PT |
PRT |
Portugal |
Low Risk |
|
PR |
PRI |
Puerto Rico |
Medium Risk |
|
QA |
QAT |
Qatar |
Medium Risk |
|
RE |
REU |
Réunion |
Low Risk |
|
RO |
ROU |
Romania |
Medium Risk |
|
RU |
RUS |
Russia |
High Risk |
|
RW |
RWA |
Rwanda |
Medium Risk |
|
SH |
SHN |
Saint Helena |
Medium Risk |
|
KN |
KNA |
Saint Kitts and Nevis |
High Risk |
|
LC |
LCA |
Saint Lucia |
Medium Risk |
|
SX |
SXM |
Saint Martin (Dutch Part) |
High Risk |
|
PM |
SPM |
Saint Pierre and Miquelon |
Low Risk |
|
VC |
VCT |
Saint Vincent and the Grenadines |
Medium Risk |
|
BL |
BLM |
Saint-Barthelemy |
High Risk |
|
MF |
MAF |
Saint-Martin (French Part) |
Medium Risk |
|
WS |
WSM |
Samoa |
High Risk |
|
SM |
SMR |
San Marino |
Medium Risk |
|
ST |
STP |
São Tomé and Principe |
Medium Risk |
|
SA |
SAU |
Saudi Arabia |
Medium Risk |
|
SN |
SEN |
Senegal |
High Risk |
|
RS |
SRB |
Serbia |
High Risk |
|
SC |
SYC |
Seychelles |
Medium Risk |
|
SL |
SLE |
Sierra Leone |
High Risk |
|
SG |
SGP |
Singapore |
Low Risk |
|
SK |
SVK |
Slovakia |
Low Risk |
|
SI |
SVN |
Slovenia |
Low Risk |
|
SB |
SLB |
Solomon Islands |
High Risk |
|
SO |
SOM |
Somalia |
High Risk - Compliance clearance required |
|
ZA |
ZAF |
South Africa |
Medium Risk |
|
GS |
SGS |
South Georgia and the South Sandwich Islands |
Medium Risk |
|
KR |
KOR |
South Korea |
Low Risk |
|
SS |
SSD |
South Sudan |
High Risk - Compliance clearance required |
|
ES |
ESP |
Spain |
Low Risk |
|
LK |
LKA |
Sri Lanka |
High Risk |
|
SD |
SDN |
Sudan |
Prohibited |
|
SR |
SUR |
Suriname |
High Risk |
|
SJ |
SJM |
Svalbard and Jan Mayen Islands |
Medium Risk |
|
SZ |
SWZ |
Swaziland |
High Risk |
|
SE |
SWE |
Sweden |
Low Risk |
|
CH |
CHE |
Switzerland |
Low Risk |
|
SY |
SYR |
Syria |
Prohibited |
|
TW |
TWN |
Taiwan |
Low Risk |
|
TJ |
TJK |
Tajikistan |
High Risk |
|
TZ |
TZA |
Tanzania |
High Risk |
|
TH |
THA |
Thailand |
High Risk |
|
TL |
TLS |
Timor-Leste |
Medium Risk |
|
TG |
TGO |
Togo |
High Risk |
|
TK |
TKL |
Tokelau |
Medium Risk |
|
TO |
TON |
Tonga |
High Risk |
|
TT |
TTO |
Trinidad and Tobago |
High Risk |
|
TN |
TUN |
Tunisia |
Medium Risk |
|
TR |
TUR |
Turkey |
High Risk |
|
TM |
TKM |
Turkmenistan |
High Risk |
|
TC |
TCA |
Turks and Caicos Islands |
High Risk |
|
TV |
TUV |
Tuvalu |
Medium Risk |
|
UG |
UGA |
Uganda |
High Risk |
|
UA |
UKR |
Ukraine |
High Risk - Compliance clearance required |
|
AE |
ARE |
United Arab Emirates |
High Risk |
|
GB |
GBR |
United Kingdom |
Low Risk |
|
UM |
UMI |
United States Minor Outlying Islands |
Medium Risk |
|
US |
USA |
United States of America |
Low Risk |
|
UY |
URY |
Uruguay |
Low Risk |
|
VI |
VIR |
US Virgin Islands |
High Risk |
|
UZ |
UZB |
Uzbekistan |
High Risk |
|
VU |
VUT |
Vanuatu |
High Risk |
|
VE |
VEN |
Venezuela |
High Risk - Compliance clearance required |
|
VN |
VNM |
Vietnam |
High Risk |
|
WF |
WLF |
Wallis and Futuna Islands |
High Risk |
|
EH |
ESH |
Western Sahara |
Medium Risk |
|
YE |
YEM |
Yemen |
Prohibited |
|
ZM |
ZMB |
Zambia |
High Risk |
|
ZW |
ZWE |
Zimbabwe |
Prohibited |