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Blacklisted Jurisdictions

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

Afghanistan

American Samoa

Angola

Anguilla

Antigua and Barbuda

Aruba

Bahamas

Bangladesh

Belize

Benin

Bolivia

Botswana

British Indian Ocean Territory

British Virgin Islands

Brunei

Burkina Faso

Burundi

Cambodia

Cape Verde

Caribbean Netherlands

Cayman Islands

Central African Republic

Chad

Christmas Island

Cocos (Keeling) Island

Comoros

Congo

Congo (Democratic Republic of)

Cook Islands

Cuba

Djibouti

Dominica

Dominican Republic

Ecuador

Equatorial Guinea

Eritrea

Ethiopia

Federal Republic of Somalia

Fiji

French Polynesia

French Southern Territories

Gabon

Gambia

Ghana

Grenada

Guam

Guinea

Guinea Bissau

Guyana

Haiti

Honduras

Iran

Iraq

Ivory Coast

Jordan

Kiribati

Kosovo

Kyrgyzstan

Laos

Lebanon

Lesotho

Liberia

Libya

Madagascar

Malawi

Maldives

Mali

Marshall Islands

Mauritania

Mauritius

Mayotte

Micronesia

Montserrat

Mozambique

Myanmar

Namibia

Nauru

New Caledonia

Nicaragua

Niger

Nigeria

Niue

Norfolk Island

North Korea (Republic of)

Northern Mariana Islands

Pakistan

Palestinian Territory

Panama

Pitcairn

Puerto Rico

Reunion

Rwanda

S. Georgia & S. Sandwich Isl

Saint Barthelemy

Saint Kitts and Nevis

Samoa

Sao Tome and Principe

Seychelles

Sierra Leone

South Sudan

Sri Lanka

St Pierre Et Miquelon

St. Helena

St. Vincent and The Grenadines

Sudan

Svalbard and Jan Mayen

Swaziland

Syria

Tajikistan

Timor-leste

Togo

Tokelau Island

Tonga

Tunisia

Turkmenistan

Turks & Caicos Islands

Tuvalu

Uganda

Us Minor Outlying Islands

Us Virgin Islands

Vanuatu

Vatican City State

Venezuela

Vietnam

Wallis and Futuna

Western Sahara

Yemen

Zambia

Zimbabwe

Note on United States of America

SatchelPay does not treat United States of America as prohibited country, however only transactions to and from United States are allowed. Private and corporate customers from United States are not allowed to open 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 account with SatchelPay.

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.