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Compliance contact

For legal inquiries:

legal@peermarkt.com
compliance@peermarkt.com

Restricted Jurisdictions

Countries where PeerMarkt services are unavailable or restricted

Version

1.0

Effective date

1 January 2025

Last updated

1 January 2025

Using a VPN, proxy, or any other method to circumvent geographic restrictions is a violation of our Terms of Service and may constitute criminal sanctions evasion. Accounts found circumventing restrictions will be permanently banned and reported.

1. Tier 1 — Complete Block (OFAC Primary Sanctions)

The Platform is completely unavailable to residents of, persons located in, or nationals of:

Country / TerritoryPrimary Sanctions BasisSince
Iran (Islamic Republic of Iran)OFAC Iran SanctionsOngoing
North Korea (DPRK)OFAC DPRK SanctionsOngoing
SyriaOFAC Syria SanctionsOngoing
CubaOFAC Cuba Sanctions (CACR)Ongoing
Crimea region (Ukraine)OFAC Ukraine/Russia-related2014
Donetsk People's RepublicOFAC Ukraine/Russia EO 140242022
Luhansk People's RepublicOFAC Ukraine/Russia EO 140242022
Russia (restricted sectors)OFAC Russia-related sanctions2022
BelarusOFAC Belarus Sanctions2021

2. Tier 2 — Complete Block (Multi-Authority Consensus)

CountryBasis
MyanmarUN / EU / UK targeted sanctions
Afghanistan (Taliban government)UN sanctions; OFAC SDT
MaliUN / EU arms embargo and targeted sanctions
Central African RepublicUN arms embargo
LibyaUN arms embargo and targeted sanctions
SudanUN targeted sanctions; OFAC
South SudanUN arms embargo
SomaliaUN arms embargo
Yemen (Houthi-controlled areas)UN / OFAC targeted sanctions
Haiti (specific persons)UN targeted sanctions
Venezuela (senior officials)OFAC Venezuela-related EO
Nicaragua (senior officials)OFAC Nicaragua-related EO

3. Tier 3 — Enhanced Due Diligence Required

Users from the following jurisdictions may access the Platform but are subject to Enhanced Due Diligence, Tier 3 KYC, and additional transaction monitoring. This list is updated quarterly in alignment with FATF grey list updates:

  • All jurisdictions currently on the FATF Grey List (Strategic Deficiencies) — updated at fatf-gafi.org
  • All jurisdictions on EU Annex III (high-risk third countries for AML purposes)
  • All jurisdictions on UK HM Treasury's list of high-risk third countries

Current FATF Grey List includes (subject to quarterly update): Bulgaria, Burkina Faso, Cameroon, Croatia, Democratic Republic of Congo, Haiti, Kenya, Mali, Monaco, Mozambique, Namibia, Nigeria, Philippines, Senegal, South Africa, South Sudan, Syria, Tanzania, Vietnam, Yemen, and others. Check fatf-gafi.org for current list.

Note: Inclusion on the FATF grey list does not mean the Platform is unavailable — it means additional verification is required. Many major African markets are currently on the grey list and are fully supported with enhanced due diligence.

4. Africa-Specific Regulatory Restrictions

CountryStatusNotes
NigeriaSupported — Enhanced DDFATF grey list; SEC VASP registration in progress
South AfricaSupported — Enhanced DDFATF grey list; FSCA compliance required
GhanaSupported — Enhanced DDBoG regulatory sandbox participation
MoroccoSupportedLegal grey zone; CNDP registered; voluntary FATF compliance
KenyaSupported — Enhanced DDFATF grey list; Finance Act 2023 DAT compliance
Côte d'IvoireSupportedBCEAO/CENTIF compliance; UEMOA framework
EthiopiaBlockedNational Bank of Ethiopia total crypto ban
SudanBlockedUN sanctions + CBOS crypto restrictions
AlgeriaRestrictedBanque d'Algérie crypto restrictions — pending regulatory clarity
EgyptRestrictedCBE restrictions on crypto trading — pending license
TunisiaRestrictedBCT restrictions — monitoring regulatory developments
TanzaniaSupported — Enhanced DDFATF grey list; BOT framework in development
SenegalSupportedBCEAO/UEMOA framework applicable

5. How Restrictions Are Enforced

  • IP geolocation: All user IP addresses are checked against restricted jurisdictions on every request using MaxMind GeoIP2
  • VPN/Tor detection: Known VPN and Tor exit node IP ranges are blocked; VPN usage detected via IP reputation databases
  • KYC country verification: Identity documents from restricted jurisdictions are rejected
  • Country mismatch flagging: Differences between IP country and KYC country trigger manual review
  • Wallet screening: All wallet addresses screened against Chainalysis/TRM for sanctions connections
  • Ongoing monitoring: Accounts are re-screened when sanctions lists are updated

This list is updated regularly as sanctions regimes change. For the most current information, contact compliance@peermarkt.com. Regulatory status changes rapidly in emerging markets — we review our jurisdiction policy monthly.

On this page

1. Tier 1 — Complete Block (Primary Sanctions)2. Tier 2 — Complete Block (Multi-Authority)3. Tier 3 — Enhanced Due Diligence4. Africa-Specific Restrictions5. Enforcement Mechanisms
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