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    Global Account Terms of Use

    Updated September 2020

    1. Incoming Payments

      Incoming payments to your Global Account must be in the form of a bank transfer and be related to your business operations.

      Cheques, cash, and/or payments from personal (non-business) accounts are not accepted. An exception to the latter is outlined in section 4.

    2. Sanctioned Countries and Banks

      We will not accept incoming payments or approve outward payment requests from or to sanctioned countries, jurisdictions or banks. A list of these countries and jurisdictions has been provided with this notice.

      Violation of this policy is grounds for immediate closure of your Global Account and your funds may be frozen.

    3. High Risk Countries/Jurisdictions

      We will not accept incoming payments or approve outward payment requests from or to high risk countries or jurisdictions. A list of these countries and jurisdictions has been provided with this notice.

    4. Deposits

      Unless self-funded deposits have a predestination or predetermined purpose, they are not permitted. This is because Currenxie is not a deposit taking Financial Institution or Bank.

      A self-funded incoming payment is defined as a payment that is sent to your Global Account from your own company, your company’s shareholders and/or your company’s directors or employees.

    Sanctioned Countries/Jurisdictions:

    1. Afghanistan
    2. Belarus
    3. Bosnia and Herzegovina
    4. Burundi
    5. Central African Republic
    6. Cote D’Ivoire
    7. Crimea
    8. Cuba
    9. Democratic People’s Republic of Korea
    10. Democratic Republic of Congo
    11. Egypt
    12. Eritrea
    13. Guinea
    14. Guinea-Bissau
    15. Iran
    16. Iraq
    17. Lebanon
    18. Libya
    19. Mali
    20. Montenegro
    21. Myanmar
    22. Nicaragua
    23. Russia
    24. Serbia
    25. Somalia
    26. South Sudan
    27. Sudan
    28. Syria
    29. Ukraine
    30. Venezuela
    31. Yemen
    32. Zimbabwe

    Countries/Jurisdictions Considered High Risk:

    1. Albania
    2. Algeria
    3. American Samoa
    4. Angola
    5. Armenia
    6. Azerbaijan
    7. Bahamas
    8. Bangladesh
    9. Barbados
    10. Botswana
    11. Cambodia
    12. Chad
    13. Colombia
    14. Ecuador
    15. Egypt
    16. Ethiopia
    17. Georgia
    18. Ghana
    19. Guam
    20. Haiti
    21. Iceland
    22. Jamaica
    23. Kazakhstan
    24. Kosovo
    25. Kyrgyzstan
    26. Liberia
    27. Macedonia
    28. Mauritius
    29. Moldova
    30. Mongolia
    31. Myanmar
    32. Niger
    33. Nigeria
    34. Pakistan
    35. Panama
    36. Puerto Rico
    37. Republic of Congo
    38. Rwanda
    39. Saudi Arabia
    40. Senegal
    41. Sierra Leone
    42. Sri Lanka
    43. Trinidad and Tobago
    44. Tunisia
    45. Turkmenistan
    46. Uganda
    47. US Virgin Islands
    48. Uzbekistan

    We reserve the right to amend this list at any time.

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