List of prohibited jurisdictions
Due to the legal obligations imposed on Payella by the relevant authorities, we do not provide services to individuals, initiate any type of commercial relationship, or process transactions made to or from the countries included in the list of prohibited jurisdictions. Please, consult the list of prohibited jurisdictions below in case of any doubts, and cosider that it is subject to regular unilateral amendments.
Afghanistan
American Samoa
Angola
Bangladesh
Barbados
Benin
Bolivia
Botswana
Brunei
Burkina Faso
Burundi
Cambodia
Cameroon
Cayman Islands
Central African Republic
Chad
Christmas Island
Congo (Democratic republic of)
Congo
Crimea
Cuba
Djibouti
Dominica
Equatorial Guinea
Eritrea
Ethiopia
Federal Republic of Somalia
Fiji
French Southern Territories
Gabon
Gambia
Ghana
Guam
Guinea Bissau
Guinea
Guyana
Haiti
Honduras
Iran
Iraq
Ivory Coast
Jamaica
Kiribati
Kosovo
Kyrgyzstan
Laos
Lebanon
Lesotho
Liberia
Libya
Madagascar
Malawi
Maldives
Mali
Mauritania
Mauritius
Micronesia
Mongolia
Mozambique
Myanmar
Namibia
Nauru
Nicaragua
Niger
Nigeria
Niue
North Korea (Republic of)
Pakistan
Palau
Palestinian Territory
Panama
Papua New Guinea
Pitcairn
Russia
Rwanda
Samoa
Sao Tome and Principe
Senegal
Sierra Leone
South Sudan
Sri Lanka
Sudan
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
Western Sahara
Yemen
Zambia
Zimbabwe
Note regarding the USA
The USA does not fall under the list of prohibited jurisdictions, yet we do not process outgoing or incoming transactions to and from this country. We also do not open current accounts for the USA citizens, or for companies whose beneficial owners, directors or representatives are residents or citizens of the USA.
Prohibited (High Risk) Activities
1. Production or trade of any product or activity deemed illegal under relevant jusrisdiction laws or regulations or international conventions and agreements, including without limitation, requirements related to environmental, health and safety and labour;
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 logging equipment purchase 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/sny form of Lottery/Scratch cards;
28. Bearer shares and bonds;
29. Trade of Derivatives/Options/Hedging;
30. Donations/Charities;
31. Money exchange;
32. Dealing of jewels, gems, precious metals;
33. Cash pooling structures;
34. Non-licensed Forex/Binary Options;
35. Activities related to cryptocurrency business.
We only open current accounts to LP and LLP incorporations with transparent company structures, meaning that account signatory is registered on Companies House as: a member, beneficial owner, or person with significant control.
However, we do not open current accounts to any companies originating from any of the blacklisted jurisdictions, even if company structure adheres to LP or LLP.