Shield maintains the following restrictions on the countries, jurisdictions, and industries it serves. These restrictions reflect applicable sanctions, anti-money laundering requirements, and our internal risk policies, and apply in addition to the Prohibited Business and Sanctions and Restricted Territories sections of our Terms of Service.
If you are unsure whether your business is affected by these restrictions, please contact us at support@shieldfinancial.com before opening an Account.
Prohibited Countries / Jurisdictions
Shield does not provide Services to businesses or individuals located in, organized under the laws of, or resident in the following countries and jurisdictions:
| Country / Jurisdiction | ||
|---|---|---|
| Afghanistan | Algeria | Bangladesh |
| Belarus | Bhutan | Bosnia and Herzegovina |
| Burma (Myanmar) | Burundi | Central African Republic |
| The Democratic Republic of Congo | Croatia | Cuba |
| Ethiopia | Gaza Strip | Guinea-Bissau |
| Haiti | Iran | Iraq |
| Kenya | Kosovo | Lebanon |
| Libya | Macedonia (North) | Mali |
| Montenegro | Morocco | Mozambique |
| Nepal | Nicaragua | Niger |
| North Korea | Pakistan | Qatar |
| Russian Federation | Serbia | Slovenia |
| Somalia | South Sudan | Sudan |
| Syria | Ukraine | West Bank (Palestinian Territory) |
| Yemen | Zimbabwe | |
Higher Risk Jurisdictions Subject to EDD
Businesses connected to the following jurisdictions are subject to Enhanced Due Diligence (EDD):
| Country / Jurisdiction | ||
|---|---|---|
| Albania | Angola | Barbados |
| Botswana | Burkina Faso | Cambodia |
| Cameroon | China | Côte d'Ivoire |
| Ecuador | Eritrea | Gambia |
| Grenada | Guinea | Jamaica |
| Jordan | Laos People's Democratic Republic | Liberia |
| Madagascar | Monaco | Namibia |
| Nigeria | Senegal | Seychelles |
| Solomon Islands | South Africa | Suriname |
| Tanzania | Togo | Tonga |
| Trinidad and Tobago | Turkey | Turks & Caicos Islands |
| Uganda | Vanuatu | Venezuela (Bolivarian Republic of) |
| Vietnam | Western Sahara | |
Prohibited Industries / Sectors
Regardless of location, Shield does not serve businesses operating in, or primarily deriving revenue from, the following industries or sectors:
- Gambling
- Marijuana / cannabis-related businesses
- Firearms, arms, and ammunition
- Adult entertainment or pornography
- Cash-intensive businesses