Unsupported Countries List

Berdain LLP ("Berdain LLP," "we," "us," or "our") is committed to maintaining the highest standards of compliance with international anti-money laundering (AML), counter-terrorist financing (CTF), sanctions, and regulatory requirements. To uphold these commitments and manage our risk exposure, we are unable to provide services to individuals or entities from certain jurisdictions.

This list identifies countries and territories from which Berdain LLP generally cannot accept clients or provide its full suite of services, including Company Formation, Merchant Account setup, Nominee Director services, Offshore Banking assistance, Accounting & Reporting, Corporate Secretary services, Virtual Office solutions, and Gaming License assistance.

Please note:

• This list is not exhaustive and is subject to change without prior notice based on evolving international sanctions, regulatory guidance, and our internal risk assessment policies.
• In some cases, even if a country is not on this list, we may decline services based on individual risk factors, due diligence findings, or specific regulatory requirements related to the nature of the proposed business.
• This list primarily reflects countries subject to comprehensive international sanctions, high-risk AML/CTF designations, or other significant geopolitical or regulatory concerns.

List of Generally Unsupported Countries/Jurisdictions:

Countries subject to comprehensive sanctions or high-risk AML/CTF designations (including but not limited to those identified by FATF, OFAC, EU, and UN sanctions lists):

• Afghanistan
• Belarus
• Burma (Myanmar)
• Burkina Faso
• Cambodia
• Cameroon
• Central African Republic
• Congo (Democratic Republic of the)
• Cuba
• Democratic People's Republic of Korea (DPRK / North Korea)
• Eritrea
• Haiti
• Iran
• Lebanon
• Libya
• Mali
• Mozambique
• Nicaragua
• Niger
• Nigeria
• Russia
• Somalia
• South Sudan
• Sudan
• Syria
• Venezuela
• Yemen
• Zimbabwe

Other Jurisdictions/Regions (subject to ongoing review and specific internal policies):

• Certain regions within countries experiencing significant political instability, conflict, or high levels of corruption.
• Jurisdictions identified as non-cooperative tax jurisdictions by international bodies.

Important Considerations for Clients:

• Residency and Nationality: Our restrictions apply to individuals who are citizens, residents, or ordinarily resident in these countries, as well as entities incorporated or primarily operating in these jurisdictions.
• Source of Funds/Wealth: We exercise enhanced due diligence on the source of funds and wealth for all clients, particularly those with connections to higher-risk jurisdictions, even if not explicitly on this list.
• Beneficial Ownership: We require full transparency regarding the ultimate beneficial owners (UBOs) of any entity for which services are requested. Services will be declined if UBOs are from unsupported countries or cannot be satisfactorily identified.
• Ongoing Monitoring: We continuously monitor international sanctions lists and regulatory developments. If a country becomes subject to new restrictions after you have engaged our services, we may be required to suspend or terminate services without prior notice.

We appreciate your understanding that these measures are essential to ensure our compliance with global anti-financial crime efforts and to protect the integrity of the financial system.

For specific inquiries regarding your eligibility, please contact our compliance department.

Contact Us

If you have any questions about this Unsupported Countries List, please contact us at: