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

This list is current as of the date noted and is subject to change without notice. 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 involving any of the following countries:

  • North Korea
  • Crimea Region of Ukraine

Reviewable Transactions

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

  • Afghanistan
  • Bosnia and Herzegovina
  • Burma/Myanmar
  • Burundi
  • Central African Republic
  • Congo
  • Dem. Republic of Congo (formerly Zaire)
  • Eritrea
  • Ethiopia
  • Guinea
  • Guinea-Bissau
  • Haiti
  • Iraq
  • Ivory Coast (Cote D’Ivoire)
  • Lebanon
  • Liberia
  • Libya
  • Palestinian Territory
  • Russia
  • Somalia
  • South Sudan
  • Sudan
  • Tajikistan
  • Tunisia
  • Uganda
  • Ukraine
  • Vanuatu
  • Venezuela
  • Yemen
  • Zimbabwe

Exceptions for Global Exchange

XTRM will only send funds to or involving any of the following countries for specified client types approved by XTRM which are authorized under a general OFAC license (as applicable)

These transactions require approval by the CEO or Senior Compliance Director. Any exceptions must be approved by the CEO and may require consultation with banking partners.

  • Cuba (subject to anti-boycott legislation)
  • Iran
  • Syria