1. Objective
This policy defines the framework for identifying, restricting, and managing users, transactions, and exposure related to prohibited and high-risk jurisdictions for eXchange1.
2. Scope
This policy applies to:- All users (retail and institutional)
- All transactions (on-platform and off-platform transfers)
- All products and services offered by the eXchange1
3. Regulatory Framework
This policy is aligned with:- FIU-India AML/CFT Guidelines
- FATF Recommendations
- UN Sanctions Lists
- OFAC and EU Sanctions (where applicable)
4. Jurisdiction Risk Classification
4.1 Prohibited Jurisdictions (High Risk: Complete Restriction)
Users and transactions from the following jurisdictions are strictly prohibited:- North Korea (DPRK)
- Iran
- Myanmar
4.2 Sanctioned Jurisdictions
Jurisdictions subject to international sanctions:- Syria
4.3 High-Risk Jurisdictions (Enhanced Due Diligence Required)
- Pakistan
4.4 Crypto-Restricted Jurisdictions
- China