Sanctioned countries

Prohibited jurisdictions	High-risk jurisdictions
Afghanistan	Barbados
Algeria	Bosnia and Herzegovina
American Samoa	Bulgaria
Bangladesh	Cambodia
Belorus	Croatia
Burkina Faso	Gibraltar
Central African Republic	Jamaica
China	Monaco
Democratic Republic of the Congo	Kenya
Cuba	Mozambique
Eritrea	Namibia
Ethiopia	Nigeria
Guatemala	Panama
Guinea	Philippines
Guinea-Bissau	Senegal
Haiti	South Africa
Iran, Islamic Republic	Tanzania
Iraq	Vietnam
Lebanon	Cyprus
Libya	Malta
Mali	Estonia
Moldova	Spain
Myanmar	France
Nepal	Italy
Nicaragua	Greece
North Korea (DRRK)	Luxembourg
Occupied since 2014 part of Ukraine (Luhansk and Donetsk region, Crimea)	Romania
Russian Federation	Virgin Islands (UK)
Somalia	Angola
South Sudan	Bolivia
Sri Lanka	Kuwait
State of Palestine	Czechia
Sudan	Cameroon
Syria	Côte d'Ivoire
United States of America	Lao PDR
Venezuela	Papua New Guinea
Yemen
Zimbabwe

Criminal, Sanctioned, and Illicit Activity

• Money laundering
• Terrorist financing
• Sanctioned persons or entities (UN/EU/OFAC)
• Human trafficking
• Child exploitation
• Illegal arms, weapons, explosives
• Fraudulent schemes
• Drug trafficking
• Darknet market activity
• Stolen data, hacking tools, malware distribution

High-Risk Financial Crime Structures

• Mixers, tumblers, privacy-enhancing wallets (unregulated)
• Obfuscation tools or chain-laundering services
• Shell banks and entities with no physical presence
• Shell companies without verifiable economic activity
• Companies issuing bearer shares or bearer-share instruments
• Cash collection or cash-intensive money handling services
• Debt recovery / distressed asset collection services
• Detective or private investigation services
• Unlicensed or improperly regulated financial services, including:
• Forex / CFD brokers
• Binary options
• Credit companies and lending platforms
• Collective investment schemes
• Investment platforms lacking appropriate authorization
• Unlicensed or unregulated money transmission
• Pyramid schemes, Ponzi schemes, or MLM/network marketing models

Gambling & Betting (Unlicensed or High-Risk)

• Gambling operators without proper licensing in their jurisdiction
• Gambling operators serving jurisdictions where gambling is prohibited
• Gambling platforms intentionally bypassing geo-blocking or licensing rules

High-Risk Commerce & Digital Services

• IPTV services, unauthorised media-streaming platforms
• Cyberlockers, anonymous file storage providers, or piracy-linked hosting
• Anonymous communication or privacy-enhancing communication platforms
• No-value-added service providers, deceptive subscription models, proxy resellers
• Pawnshops and second-hand high-value goods dealers
• Used car dealerships and similar cash-intensive resale businesses
• Tobacco and alcohol distribution businesses
• Precious stones, metals, gold, jewelry, or similar high-risk commodity trading
• Any trade or service with a high risk of tax evasion, smuggling, or opaque sourcing

Digital Asset & Token Activities

Company does not support digital-asset services that present regulatory evasion or investor-protection risks, including:

• Initial Coin Offerings (ICOs), token sales, or IDOs without appropriate licensing
• Tokens structured to bypass securities laws
• Synthetic trading platforms operating without regulatory authorization
• Products designed to misrepresent investment risk

Adult, Violent, or Harmful Content

• Pornography involving minors
• Escorting services and prostitution networks
• Adult entertainment services where legality or compliance cannot be verified
• Violence-oriented content or extremism-promoting media

Any Activity Prohibited by Canadian Law or International Regulation

The Company may refuse or terminate services where the business model is found to be:

• illegal, fraudulent, or non-compliant with applicable law;
• inconsistent with Company’s risk appetite;
• unable to meet AML, CTF, or sanctions screening requirements.

The Company may update this list at any time based on regulatory developments, supervisory expectations, or internal risk assessments.