Prohibited countries

Updated as of 12/07/2024
In accordance with Volume's financial crime risk appetite, the following countries are designated as prohibited. This means that neither Volume nor its clients will engage in business or financial transactions with entities or individuals from these countries. The prohibition is based on considerations of financial crime risks, regulatory compliance, and reputational concerns.

This list is not exhaustive and is subject to change based on ongoing risk assessments and compliance reviews. Volume ensures adherence to these prohibitions to maintain high standards of integrity and regulatory compliance.
PROHIBITED COUNTRIES

Afghanistan
Belarus
Burundi
Central African Republic
Democratic Republic of the Congo
Cuba
Guinea
Guinea-Bissau
Haiti
Iran
Iraq
Democratic People's Republic of Korea
Lebanon
Libya
Mali
Myanmar
Nicaragua
Palestine
Somalia
South Sudan
Sudan
Syrian Arab Republic
Ukraine
Venezuela
Western Sahara
Yemen
Zimbabwe

Volume Payments Limited is a private limited company with company number 12431529

Volume Payments Limited, is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011. for more information please see the Modulr safeguarding letter

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