High-Risk Jurisdiction & Jurisdictions under Increased Monitoring

One IBC's Policy on FATF Identified Jurisdictions

As of now, One IBC is committed to adhering to the highest standards of anti-money laundering (AML) and counter-terrorist financing (CTF) as recommended by the Financial Action Task Force (FATF), the global standard-setting body for combating financial crimes. The list of jurisdictions will be periodically updated and posted on the link below: https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html

High-Risk Jurisdictions (FATF Black List):

One IBC strictly prohibits any business dealings with entities, individuals, or transactions associated with jurisdictions identified by the FATF as High-Risk jurisdictions subject to a call for action. These jurisdictions have significant deficiencies in their AML/CTF regimes, and thus, we ban all business activities with parties from these countries to mitigate high financial risks, including:

• Democratic People’s Republic of Korea (DPRK)
• Iran
• Myanmar

Jurisdictions under Increased Monitoring (FATF Grey List):

For jurisdictions listed by the FATF as under increased monitoring, One IBC adopts a cautious and flexible approach. We conduct enhanced due diligence on a case-by-case basis for any potential business relationships involving parties from these jurisdictions. This rigorous risk assessment process helps us manage and mitigate potential risks while ensuring compliance with internal standards and international regulatory requirements. This includes 25 jurisdictions:

Regards

One IBC® Group