Prohibited countries and activities

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

Afghanistan American Samoa Angola
Anguilla Bangladesh Barbados
Benin Bolivia Botswana
British Indian Ocean Territory Brunei Burkina Faso
Burundi Cambodia Cameroun
Cape Verde Caribbean Netherlands Cayman Islands
Central African Republic Chad Christmas Island
Cocos (Keeling) Island Comoros Congo
Congo (Democratic republic of) Crimea Cuba
Djibouti Dominica Equatorial Guinea
Eritrea Ethiopia Federal Republic of Somalia
Fiji French Southern Territories Gabon
Gambia Ghana Guam
Guinea Guinea Bissau Guyana
Haiti Heard & Mcdonalds Islands Honduras
Iran Iraq Ivory Coast
Jamaica Kiribati Kosovo
Kyrgyzstan Laos Lebanon
Lesotho Liberia Libya
Madagascar Malawi Maldives
Mali Mauritania Mauritius
Micronesia Mongolia Montserrat
Mozambique Myanmar Namibia
Nauru New Caledonia Nicaragua
Niger Nigeria Niue
Norfolk Island North Korea (Republic of) Northern Mariana Islands
Pakistan Palau Palestinian Territory, occupied
Panama Papua New Guinea Pitcairn
Rwanda S. Georgia & S. Sandwich Isl Saint Barthelemy
Samoa Sao Tome and Principe Senegal
Sierra Leone South Sudan Sri Lanka
St Pierre et Miquelon St. Helena Sudan
Svalbard and Jan Mayen Swaziland Syria
Tajikistan Tanzania Timor-Leste
Togo Tokelau island Tonga
Trinidad and Tobago Turkmenistan Turks & Caicos Islands
Tuvalu Uganda Us Minor Outlying Islands
Us Virgin Islands Vanuatu Vatican City State
Venezuela Wallis and Futuna Western Sahara
Yemen Zambia Zimbabwe

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, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals; 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;
11. Production or activities involving harmful or exploitative forms of forced labour/harmful child labour; 12. Production or trade in ozone depleting substances subject to international phase out;
13. Production or trade in wood or other forestry products from unmanaged forests; 14. Money exchange dealers;
15. Any business relating to pornography or prostitution; 16. Quarries, mining, or processing of metal ores or coal;
17. Giving or receiving gifts that could be interpreted as intending to influence business decisions; 18. Abusing confidential or material, non-public information;
19. Trading of Animal Fur, Bones and Ivory; 20. Diamond trading without Kimberley Certification;
21. Indecent and Obscene material including child pornography; 22. Cultural objects like sculptures, statues, antiques, collectors’ items, archaeological pieces especially from Republic of Iraq;
23. Trading of Fireworks, explosives and Nuclear Weapons; 24. Drug trafficking including chemicals used to manufacture synthetic drug or drugs;
25. Trading in Derivatives/Options/Hedging; 26. Donations/Charities;
27. Non-licensed Offline Gambling/Betting/Casino/Horse Racing/Bingo/Sports Betting; 28. Non-licensed Online Casino/Online Poker/Online Gambling/Online Betting/Prize Draws/Gift Cards/Any form of Lottery/Scratch cards;
29. Bearer shares and bonds; 30. Jewel, Gem, Precious metal dealers;
31. Cash Pooling Structure; 32. Non-licensed Forex/Binary Options.

This Prohibited countries and activities is an integral part of the Monvenience Policy on Prevention of Money Laundering and Terrorist Financing.

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