RED FLAG COUNTRIES
Effective November 1, 2024
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 Albania Algeria Angola Antigua and Barbuda Anguilla Azerbaijan Bangladesh Belize Belarus Benin Botswana Burkina Faso Burundi Cambodia Cameroon Cape Verde Central African Republic Congo Democratic Republic of Congo Côte d'Ivoire (Ivory Coast) Cuba Equatorial Guinea Eritrea Eswatini (Swaziland) Ethiopia Fiji Gabon Gambia Gaza Strip Ghana Guinea Guinea-Bissau Haiti Iran Iraq Jamaica Jordan Kenya North Korea (Democratic People’s Republic) Kosovo Lao Peoples Democratic Republic Liberia Libya
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Madagascar Malawi Mali Malta Marshall Islands Mauritania Morocco (Western Sahara) Mozambique Myanmar (Burma) Namibia Nicaragua Nigeria Oman Palau Palestinian Territory Panama Pakistan Philippines Russian Federation Rwanda Sao Tome and Principe Samoa Senegal Seychelles Sierra Leone Somalia South Sudan South Africa (Republic of) Sri Lanka Sudan Syria Tajikistan Tanzania Togo Trinidad and Tobago Tunisia Turks and Caicos Islands Uganda Ukraine Vanuatu Vietnam West Bank Western Sahara Yemen Zimbabwe |
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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