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Blacklisted Jurisdictions

As part of its legal and regulatory obligations, as well as its high-quality level standards, We will not serve any person, have any kind of business relationship with persons, or process incoming or outgoing transactions related to Prohibited Countries. The list of Prohibited Countries is provided below. This list is fixed and is subject to regular change.

American Independent State of Samoa Anguilla Antigua and Barbuda Aruba Belize Bolivarian Republic of Venezuela British Indian Ocean Territory British Virgin Islands Burkina Faso Caribbean Netherlands Cayman Islands Central African Republic Christmas Island Co-operative Republic of Guyana Cocos (Keeling) Islands Commonwealth of Dominica Commonwealth of Puerto Rico Commonwealth of The Bahamas Commonwealth of the Northern Mariana Islands Cook Islands Democratic People’s Republic of Korea Democratic Republic of São Tomé and Príncipe Democratic Republic of Timor-Leste Democratic Republic of the Congo Democratic Socialist Republic of Sri Lanka Department of Mayotte Djibouti Dominican Republic Federal Democratic Republic of Ethiopia Federal Republic of Nigeria Federal Republic of Somalia Federation of Saint Christopher and Nevis French Polynesia French Southern Territories Gabonese Republic Gaza Strip Grenada Guam Hashemite Kingdom of Jordan Holy See (Vatican City State) Independent State of Samoa Islamic Republic of Afghanistan Islamic Republic of Iran Islamic Republic of Pakistan Kingdom of Cambodia Kingdom of Lesotho Kingdom of Tonga Kyrgyz Republic Lao People’s Democratic Republic Lebanese Republic Macao Special Administrative Region of the People’s Republic of China Micronesia Montserrat Mozambique Nation of Brunei New Caledonia Niue Norfolk Island Overseas Collectivity of Saint Pierre and Miquelon Palestinian Territory People’s Republic of Bangladesh Pitcairn, Henderson, Ducie and Oeno Islands Plurinational State of Bolivia Republic of Angola Republic of Benin Republic of Botswana Republic of Burundi Republic of Cape Verde Republic of Chad Republic of Costa Rica Republic of Cuba Republic of Côte d’Ivoire Republic of Ecuador Republic of Equatorial Guinea Republic of Fiji Republic of Ghana Republic of Guinea-Bissau Republic of Haiti Republic of Honduras Republic of Iraq Republic of Kiribati Republic of Kosovo Republic of Liberia Republic of Madagascar Republic of Malawi Republic of Maldives Republic of Mali Republic of Mauritania Republic of Mauritius Republic of Namibia Republic of Nauru Republic of Nicaragua Republic of Panama Republic of Rwanda Republic of Seychelles Republic of Sierra Leone Republic of South Republic of the Sudan Republic of Tajikistan Republic of The Gambia Republic of Tunisia Republic of Turkmenistan Republic of Uganda Republic of Vanuatu Republic of Yemen Republic of Zambia Republic of Zimbabwe Republic of the Marshall Islands Republic of the Niger Republic of the Sudan Republic of the Union of Myanmar Reunion Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kits and Nevis Saint Vincent and the Grenadines Socialist Republic of Vietnam South Georgia and the South Sandwich Islands State of Eritrea State of Libya Svalbard and Jan Mayen Swaziland Syrian Arab Republic Territory of the Wallis and Futuna Islands Togolese Republic Tokelau Turks and Caicos Tuvalu Union of the Comoros United States Minor Outlying Islands Virgin Islands of the United States Western Sahara Republic of Belarus Bosnia and Herzegovina Arab Republic of Egypt

We do not treat the United States of America as prohibited country, however, only transactions to and from the United States are allowed. Private and corporate customers from the United States are not allowed to open an account with SatchelPay. In addition, corporate customers having United States residents or citizens as beneficial owners, directors or representatives are also not allowed to open an account with us

Prohibited (High Risk) Activities

1. Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, including without limitation host country requirements related to environmental, health and safety and labour aspects;

2. Production or trade in weapons and munitions;

3. Production or trade in alcoholic beverages (including beer and wine);

4. Production or trade in tobacco;

5. Trade in wildlife or wildlife products regulated under CITES;

6. Production or trade in radioactive materials;

7. Commercial logging operations or purchase of logging equipment for use in primary tropical moist forest;

8. Production or trade in pharmaceuticals subject to international phase-outs or bans;

9. Production or trade in pesticides/herbicides subject to international phase-outs or bans;

10. Drift net fishing in the marine environment using nets in excess of 2.5km. in length Production or activities involving harmful or exploitative forms of forced labour/harmful child labour;

11. Production or trade in ozone-depleting substances subject to international phase-out;

12. Production or trade in wood or other forestry products from unmanaged forests;

13. Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals;

14. Any business relating to pornography or prostitution;

15. Quarries, mining, or processing of metal ores or coal;

16. Giving or receiving gifts that could be interpreted as intending to influence business decisions;

17. Abusing confidential or material, non-public information;

18. Trading of Animal Fur, Bones and Ivory;

19. Diamond trading without Kimberley Certification;

20. Indecent and Obscene material including child pornography;

21. Cultural objects like sculptures, statues, antiques, collectors items, archeological pieces especially from Republic of Iraq;

22. Trading of Fireworks, explosives and Nuclear Weapons;

23. Drug trafficking including chemicals used to manufacture synthetic drug or drugs;

24. Vessel security;

25. Human Body Parts and Pathogens;

26. Non-licensed Offline Gambling/Betting/Casino/Horse Racing/Bingo/Sports Betting;

27. Non-licensed Online Casino/Online Poker/Online Gambling/Online Betting/Prize Draws/Gift Cards/Any form of Lottery/Scratch cards;

28. Bearer shares and bonds;

29. Trading in Derivatives/Options/Hedging;

30. Donations/Charities;

31. Money exchange dealer;

32. Jewel, Gem, Precious metal dealers;

33. Cash Pooling Structure;

34. Non-licensed Forex/Binary Options;

35. Activities related to cryptocurrency business.

We accept only LP and LLP with clear company structure. It means that account signatory has to be mentioned on Companies House as: member, or Beneficial Owner or Person with Significant Control. Please be informed that we do not accept any blacklisted country company in LP/LLP structure.