Appetite And Restrictions On Nationalities And Residencies
Quickbyte Global OÜ has a clearly defined appetite for which countries and
nationalities it wishes to serve. As part of this we are obligated to uphold current sanctions regimes subject to the country it operates from; Estonia. As such, Quickbyte Global OÜ ́s market
appetite is restricted to the European Economic Area (EEA https://trade.ec.europa.eu/access-to-markets/en/content/european-economic-area-eea-agreement).
If any EEA country is put on any of the below sanctions and Risk-lists, the
listing will prevail, and our appetite will be adjusted accordingly until the
country is de-listed.
Exceptions: We are able to serve individuals who are nationals and residents of
countries identified as “low risk” and free of sanctions. However, this is only
on a case-by-case basis and is dependent on us approving the Enhanced Due
Diligence needed to accept and transact such clients.
For a full overview of relevant sanctions lists and countries, please see the
following lists and their reasoning:
– EU Sanctions
Reasoning: https://www.eeas.europa.eu/eeas/european-union-sanctions_en
Map: https://www.sanctionsmap.eu/#/main
– OFAC sanctions
List: https://ofac.treasury.gov/sanctions-programs-and-country-information
– UN sanctioned countries and people
Active UN sanctions: https://www.un.org/securitycouncil/sanctions/2653/materials
– FATF
High risk countries: https://www.fatf-gafi.org/en/topics/high-risk-and-other-monitored-jurisdictions.html
“Black & Grey” list for AML/CTF: https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html
