At Qonto, we are committed to supporting our clients in their financial steps while adhering to the strictest security and compliance standards.
​
Conditions for acceptance of funds for capital increase
When a company considers increasing its capital, it is crucial to ensure that the injected funds meet our acceptability criteria. We take these measures to ensure compliance with current regulations and maintain the security of our financial ecosystem.
​
Limitations on the origin of funds
If a contributor to the capital increase plans to make a contribution from a bank account whose ISO 3 code appears on our exclusion list, we will unfortunately not be able to accept this contribution.
​
💡 Alternative Solution: We recommend that the concerned subscribers consider transferring funds from an alternative bank account, in the name of the entity participating in the capital increase, which is not subject to these restrictions.
​
List of rejected sources of funds
|
CONTINENTS |
COUNTRIES |
ISO CODE 3 |
|
Africa |
Botswana, Burundi, Congo, Eritrea, Libya, Uganda, Central African Republic, Somalia, Sudan, South Sudan, Chad, Zimbabwe |
BWA, BDI, COD, ERI, LBY, UGA, CAF, SOM, SDN, SSD, TCD, ZWE |
|
Asia |
Afghanistan, Azerbaijan, Korea, Iran, Iraq, Kyrgyzstan, Macao, Mongolia, Myanmar, Pakistan, Palestine, Philippines, Syria, Yemen |
AFG, AZE, PRK, IRN, IRQ, KGZ, MAC, MNG, MMR, PAK, PSE, PHL, SYR, YEM |
|
Europe |
Belarus, Russia |
BLR, RUS |
|
North America |
Anguilla, Bahamas, Cuba, Cayman Islands, British Virgin Islands, United States Virgin Islands, Nicaragua, Panama, Saint Kitts and Nevis, Trinidad and Tobago |
AIA, BHS, CUB, CYM, VGB, VIR, NIC, PAN, KNA, TTO |
|
South America |
Venezuela |
VEN |
|
Oceania |
Nauru, Vanuatu |
NRU, VUT |
Why are some sources of funds refused?
The decision to refuse funds from certain countries or entities is not taken lightly. It is based on regulatory compliance considerations, anti-money laundering and counter-terrorism financing efforts. By adhering to these principles, Qonto ensures a secure environment for all its clients' financial transactions.