PROHIBITED AND RESTRICTED COUNTRIES

PROHIBITED AND RESTRICTED COUNTRIES

To effectively combat the global circulation of dirty money, international efforts are needed. The Financial Action Task Force (FATF), the global standard setter on anti-money laundering and counter terrorism financing, notably identifies jurisdictions having strategic deficiencies in their regimes to counter money laundering and terrorist financing. The Banc’s prohibited/restricted countries list takes into account the recommendations provided by FATF.

The following jurisdictions are identified as having serious strategic deficiencies in their AML/CFT regimes and/or countries to which the Banc will NOT process wires to or from:

• Democratic People’s Republic of Korea (DPRK, North Korea)
• Iran
• Myanmar (Burma)
• Russia
• Cuba

The following jurisdictions are identified as having strategic deficiencies in their AML/CFT regimes and/or are considered restricted by the Banc. Wires to or from these countries may require enhanced due diligence, such as supporting documentation for the wire prior to processing.

• Afghanistan
• Belarus
• Barbados
• Bulgaria
• Burkina Faso
• Cameroon
• Crimea
• Croatia
• Democratic Republic of Congo
• Gibraltar
• Haiti
• Israel

• Iraq
• Jamacia
• Kenya
• Libya
• Mali
• Monaco
• Mozambique
• Namibia
• Nigeria
• Palestine
• Panama
• Philippines
• Senegal

• South Africa
• South Sudan/Sudan
• Syria
• Tanzania
• Trinidad and Tobago
• Uganda
• Ukraine
• United Arab Emirates
• Vanuatu
• Venezuela
• Vietnam
• Yemen