Important Regulatory Update Regarding Restricted Countries
As part of our commitment to ensuring compliance with international regulations and maintaining the highest standards of financial security, we would like to draw your attention to the recently updated “black and grey” lists published by the Financial Action Task Force (FATF).
The FATF, a global body dedicated to combating money laundering and terrorist financing, periodically identifies jurisdictions with weak anti-money laundering and counter-terrorism financing (AML/CFT) measures. These jurisdictions are categorized into two lists: the High-Risk Jurisdictions subject to a Call for Action (commonly referred to as the “black list”) and the Jurisdictions under Increased Monitoring (referred to as the “grey list”).
As of June 2023, the FATF has reviewed over 125 countries and publicly identified 98 of them as having weak AML/CFT regimes. We want to bring to your attention that, according to these new regulations, clients from the countries listed on the “black and grey” lists are not allowed to use our services due to the higher risks associated with financial activities in these jurisdictions.
High-Risk Jurisdictions subject to a Call for Action (“Black List”):
- Democratic People’s Republic of Korea
Jurisdictions under Increased Monitoring (“Grey List”):
- Burkina Faso
- Cayman Islands
- Democratic Republic of Congo
- South Africa
- South Sudan
- United Arab Emirates
Please note that these lists are subject to change as the FATF periodically reviews and updates its assessments. Our priority is to ensure a safe and secure trading environment for all our clients. If you have any concerns about these regulations or would like further clarification, please do not hesitate to contact our customer support teams.