COMPLIANCE006 - High risk and sanctioned countries list

Modified on Wed, 17 May, 2023 at 11:36 AM

This list applies to all transactions and any beneficiaries and remitters located in these countries. This list is to be read with the Compliance Policy on Economic Sanctions (OFAC, OSFI, HM Treasury).


The list is current as of the date noted and is subject to change without notice. Therefore, please check this page regularly to ensure you have the most up-to-date list.


Prohibited Transactions


Under no circumstance will XTRM send funds to or involve any of the following countries:

  • Belarus
  • Crimea Region of Ukraine, Donetsk, Kherson, Luhansk, and Zaporizhzhia regions of Ukraine
  • Cuba
  • Iran
  • North Korea
  • Syria
  • Russia


Reviewable Transactions


Additional information may be requested by Compliance to be determined on a case-by-case basis. Transactions to countries highlighted in bold require approval by the CEO or senior compliance director.


  • Afghanistan
  • Burma (Myanmar)
  • Central African Republic
  • Dem. The Republic of Congo (formerly Zaire)
  • Iraq
  • Lebanon
  • Libya
  • Palestinian Territory
  • Somalia
  • South Sudan
  • Sudan
  • Ukraine
  • Venezuela 
  • Yemen
  • Zimbabwe



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