< All Topics

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;
Table of Contents