There are international sanctions countries. The export of goods restricted by the European Union to one of these territories can become a crime of smuggling, carry prison terms of between one and five years and fines of up to six times the value of the goods.

For their part, “secondary sanctions”, sanctions by the United States for maintaining relations with countries on which prohibitions weigh (such as those imposed on Iran in November 2018), can significantly complicate a company’s access to the North American financial market.

In addition, any company with interests in the United States must take into account the possibility that the sanctions affect not only its presence in that country, but also a possible termination of contracts and licenses with commercial partners or suppliers in that territory.

For this reason, TransferPay, will not maintain commercial links with these countries, which are the following: