Yellow Card Sanction Policy
YC APP and infrastructure will not be used to duplicate accounts or facilitate any illicit or illegal activity.
Yellow Card is committed to combating financial crime and complying with all applicable sanctions laws and regulations in the jurisdictions in which we operate. One of the ways in which we meet this objective is through Yellow Card’’s Global AML and Global Sanctions Policies (the “Policy”).
Subject to the primacy of local law and considering broader AML, financial crime, and Sanctions risk, the Policy seeks to establish a globally consistent standard to effectively manage sanction compliance risk across all Yellow Card wholly or majority-owned or controlled legal entities, helping us to protect the global financial system, our reputation and to best serve our customers.
The Policy generally prohibits relationships or transactions involving sanctioned individuals and entities or comprehensively sanctioned countries, territories, and their governments.
In compliance with our regulatory requirements and our Policy, we may be required from time to time to reject transactions, freeze assets, or refuse to provide services. It also means that at times, our Policy and sanctions risk appetite may be stricter than our legal obligations, and we may choose not to support certain customer relationships or business activity even if it is legally permitted.
Yellow Card may, in its sole discretion, agree to process certain transactions prohibited or restricted under the Policy that is authorized by a license from an appropriate authority or are otherwise permitted under applicable laws and regulations, such as those which relate to humanitarian aid.
These transactions will be considered by Yellow Card on a case-by-case basis.