Jurisdictions & Industries

JURISDICTIONS & INDUSTRIES

Prohibited Jurisdictions

Suisse Bank have identified below jurisdictions which believe present an extreme level of risk. Any customers residing/operating in any of these jurisdictions will be rejected. We will also be unable to process or accept any payments to or from these jurisdictions:

• Afghanistan
• Belarus
• Cuba
• Democratic People's Republic of Korea (DPRK)
• Iran
• Libya
• Myanmar
• Palestinian Authority (Gaza)
• Russian Federation
• South Sudan
• Syria
• Ukraine - Russian Occupied Regions
• Venezuela

Prohibited Industries

Suisse Bank have identified industries which believe present an extreme level of risk. Any new applications received for businesses operating within these industries will be rejected:

• Shell Banks
• Illicit drugs and narcotics
• Weapons not subject to regulation
• Goods/services subject to global international ban
• Multi-Level Marketing (MLM)
• Unregulated crypto and non-fungible tokens (NFTs)
• Businesses with no clear business purpose
• Activities, goods, or services prohibited in the customer's host country
• Goods/services involving human trafficking, sexual violence, or prostitution
• Dual-use goods (which are proximal to sanctions)
• UAE General Trading Companies

Restricted Industries

Suisse Bank have limited appetite for customers operating within these sectors and they will require a pre-onboarding review. Any clients in these industries, considered for onboarding will be subject to a comprehensive Enhanced Due Diligence review, before the account is opened:

• Money Service Businesses (MSBs)
• Funds and investments
• Consumer credit
• Trusts and corporate service providers
• Contracts for difference (CFDs) and spread betting
• Cryptocurrency and blockchain
• Non-fungible tokens (NFTs)
• Gaming businesses
• CBD-related businesses
• Regulated arms subject to EEA regulation
• Mineral extraction including high value metals and gemstones
• Dating services including online