YEREVAN, December 4. /ARКА/. Oninvest has learned of Revolut’s online bank ‘s ban on money transfers to accounts from cards issued by banks in Armenia, Georgia, Russia, and nearly 50 other countries. European digital bank Revolut sent a corresponding letter to its clients in France. Here is the full list of countries included in Revolut’s letter, which Oninvest has reviewed:
Asia – Afghanistan, Armenia, Azerbaijan, China, North Korea, Georgia, Hong Kong, Iran, Iraq, Israel, Kazakhstan, Kyrgyzstan, Laos, Lebanon, Myanmar, Nepal, Oman, Pakistan, Syria, Tajikistan, Thailand, Turkey, Turkmenistan, UAE, Uzbekistan, Vietnam, and Yemen.
Europe – Belarus, Monaco, Russia, Serbia.
Africa – Algeria, Angola, Burkina Faso, Cameroon, Democratic Republic of the Congo (DRC), Côte d’Ivoire, Kenya, Libya, Mali, Mozambique, Namibia, Nigeria, South Africa, South Sudan, Tanzania, Zimbabwe.
North America – Cuba, Haiti, Trinidad and Tobago.
South America – Venezuela.
Oceania – Vanuatu.
A Revolut representative responded to Oninvest’s inquiry that the company “is obligated to comply with the sanctions laws and regulations of the UN, EU, UK, US, and others” in all jurisdictions in which it operates.
Revolut was founded by Russian-born Nikolai Storonsky in 2015. In 2018, the bank received an EU license in Lithuania, and in 2021, it applied for a license in the UK, Forbes Russia reported. In the fall of 2022, the businessman renounced his Russian citizenship.-0-
