NEO

Blocked jurisdictions

NEO does not support payments made to or received from the countries listed below.

Risk based approach

NEO scores each country and allocate a risk weight. Our decision is based on multiple sources including major sanction lists produced by major national and suprenational organization. This scoring results in some countries not being eligible for payments and collection. The List is reviewed periodically.

EU

European Union (EU) Consolidated List: List of persons, groups, and entities subject to EU sanctions. Our model also takes into consideration EU Tax haven list and EU List of high-risk 3rd countries with strategic AMLCFT deficiencies.

FAFT

FATF High-Risk and Monitored Jurisdictions: Jurisdictions identified by the Financial Action Task Force for strategic deficiencies.

US OFAC

Office of Foreign Assets Control List: Specially Designated Nationals (SDN) and other sanctions programs.

SEPBLAC

List of non cooperative jurisdictions according to SEPBLAC (Spain’s Financial Intelligence Unit and supervisory authority for anti-money laundering and counter-terrorist financing).

UN

United Nations Sanctions List: Consolidated list of individuals and entities subject to UN sanctions.

BASEL INDEX

Basel AML Index is a globally recognized ranking system that assesses countries based on their risk levels for money laundering and terrorist financing.

Blocked Jurisdictions

Those are the blocked countries according to our risk based assessment. This list is reveiwed periodically by the internal compliance comitee.

ISO CODE  NAME
AF AFGHANISTAN
DZ ALGERIA
AS AMERICAN SAMOA
AI ANGUILLA (UK)
AQ ANTARCTICA
AG ANTIGUA AND BARBUDA
AW ARUBA (NL)
AZ AZERBAIJAN
BS BAHAMAS
BB BARBADOS
BY BELARUS
BA BOSNIA-HERZEGOVINA
BV BOUVET ISLAND
IO BRITISH INDIAN OCEAN TERRITORY (UK)
BN BRUNEI DARUSSALAM
BF BURKINA FASO
BI BURUNDI
KY CAYMAN ISLANDS (UK)
CF CENTRAL AFRICAN REPUBLIC
TD CHAD
CX CHRISTMAS ISLAND
CC COCOS (KEELING) ISLANDS
CG CONGO
CD CONGO, DEM. REP.
CK COOK ISLANDS
CU CUBA
CW CURACAO
GQ EQUATORIAL GUINEA
ET ETHIOPIA
FK FALKLAND ISLANDS (MALVINAS) (UK)
FJ FIJI
GA GABON
GU GUAM
GT GUATEMALA
GN GUINEA
GW GUINEA-BISSAU
HT HAITI
HM HEARD ISLAND AND MCDONALD ISLANDS
IR IRAN
IQ IRAQ
JM JAMAICA
KI KIRIBATI
KP KOREA, DEMOCRATIC PEOPLE’S REPUBLIC OF
LB LEBANON
LY LIBYA
ML MALI
MR MAURITANIA
MD MOLDOVA
ME MONTENEGRO
MS MONTSERRAT (UK)
MZ MOZAMBIQUE
MM MYANMAR
NA NAMIBIA
AN NETHERLANDS ANTILLES (Netherlands)
NV NEVIS
NI NICARAGUA
NE NIGER
PW PALAU
PS PALESTINIAN TERRITORY
PA PANAMA
PH PHILIPPINES
RU RUSSIA
WS SAMOA
SN SENEGAL
RS SERBIA
SC SEYCHELLES
SL SIERRA LEONE
SO SOMALIA
GS SOUTH GEORGIA AND THE SOUTH SANDWICH ISLANDS (UK)
SS SOUTH SUDAN
SD SUDAN
SY SYRIA
TZ TANZANIA
TL TIMOR-LESTE (East Timor)
TT TRINIDAD AND TOBAGO
TN TUNISIA
TR TURKEY
TV TUVALU
UG UGANDA
UA UKRAINE
VU VANUATU
VE VENEZUELA
VG VIRGIN ISLANDS (BRITISH)
VI VIRGIN ISLANDS, US
EH WESTERN SAHARA
YE YEMEN
ZW ZIMBABWE

FAQ

What if I am planning to make a payment to one of those countries?

The system will lnot let you record a counterparty located in those countries. This means you will not even be able to request a payment to be made.

What if I am planning to receive a payment from one of those countries?

If you are to receive a payment from any of the listed countries, teh the system will automatically reject it. Some rejection fees may be charged.

Is this list changing?

Yes. It is reviewed every 3 months by the Compliance Internal Committee. Some countries may leave the list while other may entry it.

Is it illegal to make a payment to one of the list country?

Not necessarily. While some countries are sanctioned countries to which payments are illegal, others are simply out of NEO’s risk appetite.