Neo does not support payments received from or sent to the countries listed below.
Neo scores each country and allocates a risk weight. Our decision is based on multiple sources, including major sanction lists produced by major national and supranational organisations. This scoring results in some countries not being eligible for payments and collection. The list is reviewed periodically.
European Union (EU) Consolidated List: List of persons, groups, and entities subject to EU sanctions. Our model also takes into consideration EU Tax haven list and EU List of high-risk 3rd countries with strategic AMLCFT deficiencies.
FATF High-Risk and Monitored Jurisdictions: Jurisdictions identified by the Financial Action Task Force for strategic deficiencies.
Office of Foreign Assets Control List: Specially Designated Nationals (SDN) and other sanctions programs.
List of non cooperative jurisdictions according to SEPBLAC (Spain’s Financial Intelligence Unit and supervisory authority for anti-money laundering and counter-terrorist financing).
United Nations Sanctions List: Consolidated list of individuals and entities subject to UN sanctions.
Basel AML Index is a globally recognized ranking system that assesses countries based on their risk levels for money laundering and terrorist financing.
Those are the blocked countries according to our risk-based assessment. This list is reveiwed periodically by the Compliance Internal Committee.
| ISO CODE | NAME |
|---|---|
| AF | Afghanistan |
| DZ | Algeria |
| AS | American Samoa |
| AO | Angola |
| AI | Anguilla (UK) |
| AQ | Antarctica |
| AG | Antigua and Barbuda |
| AW | Aruba (NL) |
| AZ | Azerbaijan |
| BS | Bahamas |
| BB | Barbados |
| BY | Belarus |
| BZ | Belize |
| BM | Bermuda |
| BO | Bolivia |
| BA | Bosnia-Herzegovina |
| BV | Bouvet Island |
| IO | British Indian Ocean Territory (UK) |
| BN | Brunei Darussalam |
| BF | Burkina Faso |
| BI | Burundi |
| KY | Cayman Islands (UK) |
| CF | Central African Republic |
| TD | Chad |
| CX | Christmas Island |
| CC | Cocos (Keeling) Islands |
| KM | Comoros |
| CD | Congo, Democratic Republic of |
| CK | Cook Islands |
| CU | Cuba |
| CW | Curacao |
| DM | Dominica |
| ET | Ethiopia |
| GQ | Equatorial Guinea |
| FK | Falkland Islands (Malvinas) (UK) |
| FJ | Fiji |
| GU | Guam |
| GT | Guatemala |
| GN | Guinea |
| GW | Guinea-Bissau |
| HT | Haiti |
| HM | Heard Island and McDonald Islands |
| IR | Iran |
| IQ | Iraq |
| JM | Jamaica |
| KI | Kiribati |
| KP | Korea, Democratic People’s Republic of |
| KW | Kuwait |
| LA | Lao PDR |
| LB | Lebanon |
| LY | Libya |
| ML | Mali |
| MH | Marshall Islands |
| MR | Mauritania |
| MD | Moldova |
| ME | Montenegro |
| MS | Montserrat (UK) |
| MZ | Mozambique |
| MM | Myanmar |
| NA | Namibia |
| NP | Nepal |
| AN | Netherlands Antilles (Netherlands) |
| NV | Nevis |
| NI | Nicaragua |
| NE | Niger |
| PK | Pakistan |
| PW | Palau |
| PS | Palestinian Territory |
| PA | Panama |
| PH | Philippines |
| RU | Russia |
| WS | Samoa |
| VC | Saint Vincent and the Grenadines |
| SN | Senegal |
| RS | Serbia |
| SC | Seychelles |
| SL | Sierra Leone |
| SO | Somalia |
| GS | South Georgia and the South Sandwich Islands (UK) |
| SS | South Sudan |
| SD | Sudan |
| SY | Syria |
| TZ | Tanzania |
| TL | Timor-Leste (East Timor) |
| TT | Trinidad and Tobago |
| TN | Tunisia |
| TR | Turkey |
| TC | Turks and Caicos Islands |
| TV | Tuvalu |
| UG | Uganda |
| UA | Ukraine |
| VU | Vanuatu |
| VE | Venezuela |
| VG | Virgin Islands, British |
| VI | Virgin Islands, US |
| EH | Western Sahara |
| YE | Yemen |
| ZW | Zimbabwe |
FAQ
The system will not allow you to add counterparties located in blocked jurisdictions. This means you will not be able to request payments to those countries.
If you are to receive a payment from any of the listed countries, the system will automatically reject it. Some rejection fees may be charged.
Yes. It is reviewed every 3 months by the Compliance Internal Committee. Some countries may be removed from the list, while others may be added.
Not necessarily. While some countries are sanctioned countries to which payments are illegal, others are simply out of Neo’s risk appetite.
