RED FLAG COUNTRIES
Effective April 2, 2019
This list has been constructed based the Compliance Department has deemed the risk level of these countries to be too high. The FATF list, their recommendations, US sanctions as displayed on the US Treasury website, US State Department website, and various sources of news and opinions of numerous experts were taken into consideration by the Compliance Department in the making of this list.
The Compliance Department reserves the right to update, amend, or edit this list as it sees fit.
AMP shall NOT open accounts that are based in the following countries until further notice:
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Afghanistan Algeria Angola Benin Botswana Burundi Cambodia Cape Verde Central African Republic Cuba Gaza Strip Guinea Kenya Liberia Mozambique Namibia Nigeria Pakistan Palestine Panama Rwanda West Bank Sri Lanka Yemen Togo Tanzania Vanuatu
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Congo DR Cote D'Ivoire (Ivory Coast) Eritrea Ethiopia Ghana Gabon Gambia Guinea Bissau Iran Iraq Lao PDR Libya Myanmar (also called Burma) Madagascar Malawi Mali Mauritania North Korea Sao Tome and Principe Senegal Sierra Leone Somalia South Sudan Sudan Swaziland Syria Zimbabwe |
AMP shall NOT open accounts from the following cities in Ukraine:
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AMP SHALL accept applications, but perform conduct periodic enhanced due diligence monitoring of all accounts from the following countries:
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Belarus Belize Bolivia Cameroon Chad Eritrea Ecuador Guyana Nicaragua Lebanon Russia Uganda Venezuela St Kitts & Nevis Tunisia |
Albania Bahamas Bosnia Comoros Croatia Djibouti Egypt Malta Mauritius Montenegro Niger Paraguay Romania Serbia Trinidad and Tobago Ukraine |
COMPLIANCE DEPARTMENT RESERVES THE RIGHT TO DECLINE ANY ACCOUNT APPLICATION FROM ANY OTHER JURISDICTION NOT MENTIONED IN THE ABOVE LIST BASED ON THE CIRCUMSTANCES OF THAT PARTICULAR APPLICATION
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