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03rd September 2012

Restricted Countries

Dear Clients,


In the recent past further enhanced customer due diligence has been performed at correspondent banks around the world.


Our Payment Service Providers are expected to fulfill the highest standards of Anti-Money-Laundering and Anti-Terrorist Financing controls, and in turn we are required to comply with these measures.


Therefore we would like to advise you that payments with a direct or indirect link to the following countries cannot be accepted for processing by BOSLIL:


  • CUBA (except payments in EUR or GBP)
  • IRAN
  • NORTH KOREA (Korea, Democratic People’s Republic of)
  • SYRIA (Syrian Arab Republic)


Please note that a direct or indirect link refers to all the parties (Ordering and Beneficiary customer) involved in a payment transaction and also includes the Reason for Payment/Payment Details.


As a consequence we have deactivated the selection of the above mentioned countries (except Cuba) in the field Beneficiary Country of the Wire Transfer Functionality in our online banking site.


In case of any questions, please do not hesitate to email me.


Sincerely yours


Boslil Bank Limited