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 Anguilla
Antigua and Barbuda
Aruba
Bahamas
Bangladesh
Barbados
Belize
Benin
Bolivia
Botswana
British Indian Ocean Territory
British Virgin Islands
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)
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 Jamaica Jordan Kiribati Kosovo Kyrgyzstan Laos Lebanon Lesotho Liberia Libya Madagascar Malawi
Maldives Mali Marshall Islands Mauritania Mauritius Mayotte Micronesia Mongolia Montserrat Mozambique Myanmar Namibia Nauru New Caledonia Nicaragua Niger Nigeria Niue Norfolk Island North Korea (Republic of) Northern Mariana Islands Palau Pakistan Palestinian Territory Panama Pitcairn Puerto Rico Reunion Rwanda S. Georgia & S. Sandwich Saint Barthelemy Saint Kitts and Nevis Samoa Sao Tome and PrincipeSeychelles
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 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.