Volume Prohibited Countries List

Updated as of 12/07/2025
Volume Prohibited Countries List

Volume Prohibited Countries List

This article discusses Volume's prohibited countries list, updated as of July 12, 2025. Volume and its clients will not engage in business or financial transactions with entities or individuals from the listed countries, based on financial crime risks, regulatory compliance, and reputational concerns. The list is subject to change based on ongoing risk assessments and compliance reviews.

Prohibited Countries

The prohibited countries are:

  • Afghanistan
  • Belarus
  • Burundi
  • Central African Republic
  • Congo, the Democratic Republic of the
  • Crimea Region
  • Cuba
  • Guinea
  • Guinea-Bissau
  • Haiti
  • Iran
  • Iraq
  • Korea, the Democratic People's Republic of
  • Lebanon
  • Libya
  • Mali
  • Myanmar
  • Nicaragua
  • Palestine
  • Somalia
  • South Sudan
  • Sudan
  • Syrian Arab Republic
  • Ukraine
  • Venezuela
  • Western Sahara
  • Russian Federation
  • Yemen

Volume Payments Limited is a private limited company with company number 12431529

Volume Payments Limited, is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011. for more information please see the Modulr safeguarding letter Volume Payments Limited, is a distributor of Optimus Cards UK Limited, a company registered in England & Wales (Reg. Number: 09044866) and registered with the Information Commissioner’s Office reference number. ZA129897 Fully authorised as an Electronic Money Institution (“EMI”) by the Financial Conduct Authority (FRN: 902034).

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