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