Unsupported Jurisdictions
Mperps services are not available in all countries. Read more here to understand why and which jurisdictions are restricted.
Why Mperps Doesn't Offer Services in Certain Jurisdictions
At Mperps, we aim to provide a safe and accessible platform for trading digital assets. As a company registered in Trinidad and Tobago, we adhere to the highest standards of compliance and regulatory obligations. This commitment requires us to operate within the framework of various laws and regulations, including international sanctions regimes and anti-money laundering (AML) standards.
Compliance with UN and Trinidad and Tobago Sanctions
Trinidad and Tobago, through the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) and the Ministry of Finance, implements economic and financial sanctions pursuant to:
- United Nations Security Council Resolutions (including sanctions against targeted countries, regimes, terrorists, and proliferators of weapons of mass destruction);
- The Proceeds of Crime Act, Chap. 11:27 (Trinidad and Tobago); and
- The Anti-Terrorism Act, Chap. 12:07 (Trinidad and Tobago).
These sanctions are critical to maintaining international peace and security and combatting terrorism financing and money laundering.
Mperps is legally obligated to comply with these requirements. This means we cannot provide services to individuals or entities listed on UN sanctions lists (e.g., the ISIL (Da'esh) & Al-Qaida Sanctions List) or equivalent lists adopted by Trinidad and Tobago, nor engage in transactions with certain countries and regions under comprehensive sanctions.
Risk-Based Approach to Regulatory Compliance
Beyond complying with binding sanctions, Mperps employs a risk-based approach to determine which countries we can operate in. This approach involves a thorough analysis of various factors, including but not limited to:
- Regulatory Restrictions: We evaluate the legal and regulatory frameworks of each jurisdiction to ensure our operations comply with local laws. This includes understanding licensing requirements, AML obligations, and digital asset regulations.
- Financial Crime Risk: We assess the risk of money laundering, fraud, terrorist financing, and other financial crimes associated with a specific jurisdiction, using intelligence from global bodies like the FATF (Financial Action Task Force).
- Economic and Political Stability: Countries with unstable economic or political environments may pose significant risks to our operations and our users. We consider factors such as government stability, economic performance, corruption indices, and the potential for civil unrest.
- Operational Risk: Availability of reliable banking, payment processing, and technical infrastructure.
Unsupported Countries
Below is a list of countries and regions where Mperps does not offer services due to the aforementioned sanctions, compliance, and risk considerations. This list is dynamic and may be updated at any time.
| Jurisdiction | Primary Reason |
|---|---|
| Afghanistan | UN sanctions / FATF high-risk |
| Belarus | UN / regional sanctions |
| Burundi | UN sanctions / FATF high-risk |
| Central African Republic | UN sanctions / FATF high-risk |
| Cuba | Comprehensive sanctions |
| Democratic People’s Republic of Korea (North Korea) | Comprehensive UN sanctions |
| Democratic Republic of the Congo | UN sanctions / FATF high-risk |
| Eritrea | UN sanctions / FATF high-risk |
| Guinea-Bissau | FATF high-risk |
| Haiti | FATF high-risk / political instability |
| Iran (Islamic Republic of) | Comprehensive UN/EU/US sanctions |
| Iraq | UN sanctions / FATF high-risk |
| Lebanon | UN sanctions / FATF high-risk |
| Libya | UN sanctions / FATF high-risk |
| Mali | FATF high-risk |
| Myanmar (Burma) | UN sanctions / FATF high-risk |
| Nicaragua | FATF high-risk / political instability |
| Pakistan | FATF high-risk (jurisdictions under increased monitoring) |
| Russian Federation (Russia) | Comprehensive sanctions (multiple regimes) |
| Somalia | UN sanctions / FATF high-risk |
| South Sudan | UN sanctions / FATF high-risk |
| Sudan | UN sanctions / FATF high-risk |
| Syrian Arab Republic (Syria) | Comprehensive UN sanctions |
| Venezuela (Bolivarian Republic of) | UN / regional sanctions |
| Yemen | UN sanctions / FATF high-risk |
| Zimbabwe | UN sanctions / FATF high-risk |
In addition, Mperps does not offer services to:
- The United States of America (and its territories, including Puerto Rico, Guam, US Virgin Islands) due to regulatory complexity and risk.
- Any jurisdiction listed as a “Jurisdiction under Increased Monitoring” or “High-Risk Jurisdiction” by the FATF, as updated from time to time.
Note: This list is non-exhaustive. Mperps reserves the right to block access from any country or territory at our sole discretion, with or without prior notice.
Commitment to User Safety and Compliance
Mperps's primary concern is the safety and security of our users and their transactions. By adhering to international sanctions and applying a rigorous risk-based approach, we maintain a compliant and trustworthy platform. We understand that these restrictions may limit access for some users, but they are essential for ensuring that Mperps operates within the bounds of the law and maintains the highest standards of integrity.
We continuously review and update our policies to reflect changes in the global regulatory landscape and strive to expand our services responsibly. Our goal is to make digital asset trading accessible to as many people as possible while ensuring a secure and compliant environment.
How This Affects You
If you are a resident, national, or located in any of the unsupported jurisdictions listed above:
- You may not create an Account or use any Mperps Services.
- If you are already an Account holder and become a resident of an unsupported jurisdiction, you must immediately notify us at legal@mperps.com and cease using the Services.
- Mperps reserves the right to close your Account, freeze funds, and reverse transactions if we determine you have violated this policy.
Changes to This List
This Unsupported Jurisdictions document may be updated from time to time. We will make reasonable efforts to notify users of material changes, but it is your responsibility to review this document periodically.
The most current version will always be available at: https://10dcperps.com/unsupported-jurisdictions
Contact Us
If you have any questions about this policy or need clarification on whether your jurisdiction is supported, please contact our Support team at:
Email: legal@mperps.com
Mperps (Zazen Technology Ltd)
Trinidad Civis House, 116 Abercromby Street, Port of Spain, Trinidad and Tobago