LIST OF PROHIBITED COUNTRIES

ARDENTPAY LTD.

Registration number: 1001134063

KEY INFORMATION

Effective Date: 20.02.2026

Next Review Date: 20.02.2027

 

1. LIST OF COUNTRIES WHERE ACCOUNTS CANNOT EVER BE OPENED

1.1. Countries With “Call for Action” / Highest FATF Concern (Effectively Prohibited for Onboarding).These jurisdictions are repeatedly identified as having significant AML/CFT deficiencies and Canada has ministerial directives requiring heightened controls (which for an MSB effectively means not onboarding or blocking all transactions):

Democratic People’s Republic of Korea (North Korea) – subject to a specific Canadian ministerial directive treating all transactions involving DPRK as high risk and requiring strict measures.

Iran – identified by FATF’s high-risk statements with countermeasures and ministerial directives in place, making onboarding of clients from Iran extremely high risk.

Myanmar – identified by FATF as subject to a call for action requiring enhanced countermeasures; while not always statutorily “sanctioned,” its AML/CFT deficiencies generally preclude account opening absent exceptional controls.

1.2. Jurisdictions With Serious AML/CFT Deficiencies (“High-Risk” / Grey List)
Countries on the FATF grey list under increased monitoring are not automatically prohibited by law but carry elevated compliance risk. Many Canadian MSBs avoid onboarding clients from these countries or require heavily enhanced due diligence — often to the point of practical onboarding prohibition due to risk appetite:

Algeria;

Angola;

Barbados;

Burkina Faso;

Cameroon;

Côte d’Ivoire;

Democratic Republic of the Congo;

Haiti;

Kenya;

Mali;

Mozambique;

Namibia;

Nigeria;

South Sudan;

Syria;

Tanzania;

Yemen;
(Jurisdictions listed may vary over time as FATF updates its lists)

1.3. Countries Subject to Canadian Sanctions Programs Canada’s sanctions frameworks (Special Economic Measures Act, United Nations Act, Justice for Victims of Corrupt Foreign Officials Act) often prohibit direct services to persons or entities associated with designated states or regimes. Examples that Canadian MSBs would generally exclude include:

Russia (due to ongoing Canadian sanctions programs and ministerial directives related to AML/sanctions evasion);

Belarus (commonly referenced in Canadian sanctions regimes);

Syria (subject to multiple Canadian sanctions);

Venezuela (sanctions-related risk; often restricted);

1.4. Additional Jurisdictions Often Treated as Prohibited by Compliance Policy Firms
Operational policies from industry sources often list further jurisdictions where onboarding is prohibited due to high risk, sanctions, or inability to conduct reliable compliance screening:

Cuba;

Afghanistan;

Sudan;

Belarus;

Transnistria.

2. LIST OF COUNTRIES WE ARE UNABLE TO SERVICE

2.1. The United States of America (USA);

2.2. Ukraine.

3. CONTACTS

3.1. For communications, please be advised to use the following email address: support@ardentpay.io or use chat available in your personal Account.