Global Compliance

Restricted Countries & Compliance

Geographic restrictions, regulatory requirements, and international compliance standards

170+
Supported Countries
24
Restricted Jurisdictions
45+
Regulatory Frameworks
100%
KYC Compliance

Global Compliance Overview

Compliance Philosophy

We operate with the highest standards of regulatory compliance across all jurisdictions. Our commitment extends beyond legal requirements to encompass ethical obligations and international best practices in financial services.

Regulatory Adherence

Strict compliance with all applicable laws and regulations in every jurisdiction.

Customer Protection

Robust KYC/AML procedures to protect both clients and the financial system.

Transparent Operations

Clear disclosure of restrictions and proactive communication of policy changes.

Compliance Metrics

KYC Verification Rate 100%
AML Screening Accuracy 99.8%
Regulatory Reporting 100%
Sanctions Screening 100%

Real-time Updates

Our compliance database updates in real-time with global regulatory changes.

Restricted Jurisdictions

Completely Restricted Countries

Bangladesh

Complete Ban

Cryptocurrency trading prohibited by central bank regulations.

China

Complete Ban

Comprehensive ban on cryptocurrency trading and mining activities.

India

Complete Ban

Banking restrictions and regulatory uncertainty prohibit operations.

Iran

Sanctioned

International sanctions and OFAC restrictions prohibit services.

North Korea

Sanctioned

Comprehensive international sanctions prohibit all financial services.

Restricted U.S. States

NY

New York

BitLicense Required

NYDFS BitLicense required - currently pending approval.

TX

Texas

License Required

Money transmission license required - application in process.

HI

Hawaii

Restricted

Digital currency regulatory framework prohibits operations.

VT

Vermont

License Required

Money transmitter license required for digital asset businesses.

Important Notice

Residents of restricted jurisdictions cannot open accounts or access services. Attempts to circumvent restrictions will result in immediate account termination.

Additional Restricted Territories

Crimea
Sanctioned region
Donbas
Sanctioned region
Cuba
OFAC sanctions
Syria
International sanctions

KYC & AML Requirements

1

Identity Verification

  • Government-issued photo ID
  • Proof of address (utility bill, bank statement)
  • Selfie with ID document
Processing Time: 5-15 minutes
2

Sanctions Screening

  • OFAC sanctions list check
  • EU consolidated sanctions list
  • UN Security Council sanctions
  • PEP (Politically Exposed Persons) screening
3

Ongoing Monitoring

  • Transaction pattern analysis
  • Address screening (blockchain analytics)
  • Periodic re-verification
  • Adverse media monitoring

Enhanced Due Diligence (EDD)

High-Value Accounts
Additional verification for accounts over $1M
High-Risk Countries
Additional checks for jurisdictions with weak AML laws
Corporate Accounts
Ultimate beneficial owner verification
Suspicious Activity
Trigger-based additional verification

Regulatory Frameworks

FATF Standards

Compliance with Financial Action Task Force Recommendations for virtual assets (Recommendation 15).

Travel Rule VASP Guidelines

EU AMLD5/AMLD6

Full compliance with European Union's 5th and 6th Anti-Money Laundering Directives for crypto assets.

VASP Registration Enhanced KYC

SEC Compliance

Adherence to U.S. Securities and Exchange Commission guidance on digital assets and securities laws.

Regulation D Howey Test

Additional Regulatory Compliance

FINRA
Broker-dealer regulations
FCA (UK)
Authorized & regulated
FINMA (CH)
Swiss compliance
MAS (SG)
Singapore regulations

Compliance Technology

AI-Powered Screening

Machine Learning Models

Advanced AI models for transaction monitoring and suspicious pattern detection.

Blockchain Analytics

Integration with Chainalysis and Elliptic for comprehensive address screening.

Real-time Databases

Live connections to global sanctions lists and PEP databases.

Accuracy Metrics

99.8%
False Positive Reduction
<100ms
Screening Latency

Automated Compliance Workflows

Onboarding Automation

  • Automated document verification
  • Biometric facial recognition
  • Instant sanctions screening

Transaction Monitoring

  • Real-time AML checks
  • Automated suspicious activity reports
  • Cross-border payment screening

Regulatory Reporting

  • Automated SAR/STR filings
  • Tax reporting automation
  • Real-time regulatory updates

Compliance Technology Partners

Chainalysis
Blockchain intelligence
Jumio
Identity verification
Elliptic
Crypto compliance
ComplyAdvantage
AML screening

Policy Updates & Communication

Update Protocol

Regulatory Change Detection

Real-time monitoring of 200+ regulatory sources across all jurisdictions.

Impact Assessment

48-hour assessment period to evaluate regulatory changes and required actions.

Policy Update

Implementation of necessary changes within 30 days of regulatory change.

Client Notification

Proactive communication to affected clients at least 14 days before changes take effect.

Communication Channels

Email Notifications

Direct email communication for all policy changes and compliance updates.

In-App Notifications

Prominent notifications within the trading platform for immediate awareness.

Updated Documentation

Complete policy documentation available 24/7 with version control.

Grace Period

Minimum 30-day grace period for clients to adjust to new compliance requirements.

Our Compliance Commitment

We are committed to maintaining the highest standards of regulatory compliance while providing innovative financial services. Our comprehensive compliance framework ensures that we operate legally and ethically in every jurisdiction while protecting our clients and the financial system.

24/7
Compliance monitoring
0
Regulatory penalties
100%
Regulatory reporting compliance
Policy Version: 5.3.1 | Effective: January 2024 | Next Review: April 2024

This compliance policy is reviewed quarterly and updated in response to regulatory changes. Clients are responsible for ensuring they remain eligible for our services as regulations evolve in their jurisdiction.

Restricted Countries & Compliance | OonDex AI
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