Financial sanctions and embargoes
Version of 3 November 2026
Ifrik complies with the financial sanctions and embargo measures applicable in the countries where it operates.
Lists used
Clients are screened against the United Nations Security Council sanctions lists, the national asset-freeze lists of the countries where Ifrik operates and, where its partners require, the European Union and US Treasury (OFAC) lists.
When
At account opening, and again each time the lists are updated: all clients are screened again. Possible matches are reviewed by the compliance team before any decision.
Confirmed match
Assets are frozen without delay, no transaction is executed and the competent authority is informed, as the law requires.
Countries
Ifrik does not open accounts for residents of countries subject to an FATF call for action. Clients linked to a country under FATF increased monitoring are subject to enhanced due diligence. These lists are reviewed after each FATF plenary.