Blacklisted Jurisdictions

Blacklisted Jurisdictions

As part of its legal and regulatory obligations, as well as its high-quality level standards, Monvenience 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 Monvenience unilaterally and is subject to regular change.

The List of Blacklisted Jurisdictions

American Independent State of SamoaAnguillaAntigua and Barbuda
ArubaBarbadosBelize
Bolivarian Republic of VenezuelaBritish Indian Ocean TerritoryBritish Virgin Islands
Burkina FasoCameroon (Cameroun)Caribbean Netherlands
Cayman IslandsCentral African RepublicChristmas Island
Co-operative Republic of GuyanaCocos (Keeling) IslandsCommonwealth of Dominica
Commonwealth of Puerto RicoCommonwealth of The BahamasCommonwealth of the Northern Mariana Islands
Cook IslandsDemocratic People’s Republic of KoreaDemocratic Republic of São Tomé and Príncipe
Democratic Republic of Timor-LesteDemocratic Republic of the CongoDemocratic Socialist Republic of Sri Lanka
Department of MayotteDjiboutiDominican Republic
Federal Democratic Republic of EthiopiaFederal Republic of NigeriaFederal Republic of Somalia
Federation of Saint Christopher and NevisFrench PolynesiaFrench Southern Territories
Gabonese RepublicGaza StripGrenada
GuamHashemite Kingdom of JordanHoly See (Vatican City State)
Independent State of SamoaIslamic Republic of AfghanistanIslamic Republic of Iran
Islamic Republic of PakistanJamaicaKingdom of Cambodia
Kingdom of LesothoKingdom of TongaKyrgyz Republic
Lao People’s Democratic RepublicLebanese RepublicMacao Special Administrative Region of the People’s Republic of China
MicronesiaMongoliaMontserrat
MozambiqueNation of BruneiNew Caledonia
NiueNorfolk IslandOverseas Collectivity of Saint Pierre and Miquelon
PalauPalestinian TerritoryPeople’s Republic of Bangladesh
Pitcairn, Henderson, Ducie and Oeno IslandsPlurinational State of BoliviaRepublic of Angola
Republic of BeninRepublic of BotswanaRepublic of Burundi
Republic of Cape VerdeRepublic of ChadRepublic of Costa Rica
Republic of CubaRepublic of Côte d’IvoireRepublic of Ecuador
Republic of Equatorial GuineaRepublic of FijiRepublic of Ghana
Republic of Guinea-BissauRepublic of HaitiRepublic of Honduras
Republic of IraqRepublic of KiribatiRepublic of Kosovo
Republic of LiberiaRepublic of MadagascarRepublic of Malawi
Republic of MaldivesRepublic of MaliRepublic of Mauritania
Republic of MauritiusRepublic of NamibiaRepublic of Nauru
Republic of NicaraguaRepublic of PanamaRepublic of Rwanda
Republic of SeychellesRepublic of Sierra LeoneRepublic of South Republic of the Sudan
Republic of TajikistanRepublic of The GambiaRepublic of Tunisia
Republic of TurkmenistanRepublic of UgandaRepublic of Vanuatu
Republic of YemenRepublic of ZambiaRepublic of Zimbabwe
Republic of the Marshall IslandsRepublic of the NigerRepublic of the Sudan
Republic of the Union of MyanmarReunionSaint Barthélemy
Saint Helena, Ascension and Tristan da CunhaSaint Kits and NevisSaint Vincent and the Grenadines
Socialist Republic of VietnamSouth Georgia and the South Sandwich IslandsState of Eritrea
State of LibyaSvalbard and Jan MayenSwaziland
Syrian Arab RepublicTerritory of the Wallis and Futuna IslandsTogolese Republic
TokelauTurks and CaicosTuvalu
Union of the ComorosUnited States Minor Outlying IslandsVirgin Islands of the United States
Western Sahara  

Note on United States of America

Monvenience 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 Monvenience. In addition, corporate customers having United States residents or citizens as beneficial owners, directors or representatives are also not allowed to open account with Monvenience.

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. 
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