Restricted Jurisdictions and Industries

Last Update: 8 October 2024

Overview At Shield, we are committed to maintaining the highest standards of compliance and regulatory adherence. This page outlines the jurisdictions deemed restricted or non-acceptable based on assessments by Shield and its regulatory partners. These classifications are informed by global and regional watchlists such as FATF and are in alignment with our VASP regulator guidelines.

Non-Acceptable Countries

Shield does not accept customers or facilitate any transactions involving the following countries due to high sanctions and regulatory risks:

High-Risk Countries

Transactions involving customers or businesses from the following countries are subject to Enhanced Due Diligence (EDD) and require prior written approval from Shield and its banking partners:

Medium-Risk Countries

Transactions involving these jurisdictions are considered higher-risk and may also require additional due diligence and approval:

Important Note Clients and potential users from these restricted jurisdictions should reach out to Shield's compliance department for further inquiries or guidance regarding their specific situations.

Restricted Industries

Shield restricts or prohibits the acceptance of customers operating in certain high-risk industries due to regulatory, fraud, and compliance concerns. The following industries are classified as high-risk and may require comprehensive Enhanced Due Diligence (EDD) and prior approval:

Note: This list represents industries that Shield deems high-risk and subject to stringent compliance checks. Additional industries may also be restricted based on evolving regulations. For further clarification or inquiries, please contact Shield's compliance department.

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