What activity is permitted and not permitted on Regent FE?

We work with companies, payers and beneficiaries located globally.

Countries we cannot work with

There is a small number of countries that we are not able to work with such as:

• Afghanistan
• Belarus
• Cuba
• Myanmar
• North Korea
• Iran
• Libya
• Syria
• South Sudan
• Russia
• Ukrain regions of Donetsk, Zaporizhzhia, Luhansk and Kherson 
• Venezuela

Please note that customers’ can receive funds and make payments to a large number of countries. The specific list of countries your counterparties can be based in depends on the account we issue you with. Please see the table below:

Prohibited transactions

Payments with the following characteristics are not permitted through the Regent FE accounts:

• payments that appear to relate to any form of illegal / unlawful activity;
• payments sanctioned by applicable law and regulations (UN, EU, including member state, UK and US);
• payments that are noncompliant with the Funds Transfer Regulations;
• payments involving arms and munitions dealers;
• payments related to the cannabis supply chain, including where legal;
• payments related to pornography industry;
• payments involving unregulated / unlicensed gambling, and gaming firms, including unlawful internet gaming;
• payments arising from, or related to, transactions in Russian-origin oil or in other Russian-origin oil or petroleum products (as defined under HS codes 2709 and 2710), irrespective of their price;

Non permitted activities

Customers involved in the following industries, or payments adjacent to these industries are not permitted through the Regent FE accounts.

• businesses linked to illegal / unlawful activity;
• shell banks;
• banks that are operating solely under an “offshore license”;
• legal entities who are involved in the pornography industry;
• legal entities involved in any element of the cannabis supply chain, including where legal;
• bearer share companies (where operating as such), except for those that are publicly traded on a recognised exchange;
• individuals or entities sanctioned by the UN, EU, including any member state, UK or US sanctions regime, or under any other applicable law and/or regulations;
• customers engaging in activities that require a license, without having or seeking to obtain such license;
• financial institutions designated under Section 311 of the USA Patriot Act;