Operational Countries

South Africa

United Kingdom

United States of America

United Arab Emirates

Non-sanctioned African countries

Non-sanctioned Asian countries

Prohibited Countries

Afghanistan	North Korea
Belarus	Palestine
Central African Republic	Somalia
Cuba	South Sudan
Guatemala	Sri Lanka
Guinea-Bissau	Sudan
Haiti	Syria
Iran	The Democratic Republic of Congo
Iraq	Ukraine
Lebanon	Vanuatu
Libya	Venezuela
Mali	Yemen
Moldova
Myanmar
Nicaragua

Countries with Restrictions or Compliance Controls

Russia*

Zimbabwe

Fivewest may onboard Russian individuals who are based in countries where Fivewest operates or has an existing client base, provided that the country is not subject to sanctions. However, onboarding remains subject to approval by third-party service providers. For example, onboarding may be declined if Fivewest intends to onboard the individual in their personal capacity with liquidity providers such as Conduit, Binance, or VALR.

Fivewest will not onboard any businesses registered in Russia. Furthermore, if a business is registered in another accepted jurisdiction but has Russian ultimate beneficial owners (UBOs) who are majority shareholders and are not based in South Africa, Fivewest will also not onboard such businesses.

Prohibited Industries

Industries engaged in illegal activities or businesses that violate local, national or international laws or regulations.
Industries or businesses involved in human rights violations, including those with documented history of child labor, forced labor or discriminatory practices.
Businesses associated with unlicensed or unregulated gambling.
Unlicensed or unregulated businesses.
Industries that consistently engage in exploitative labour practices, including poor working conditions or lack of labour rights.
Businesses that are involved in high-risk or controversial activities that do not fall within FiveWest’s risk appetite.