1Purpose
Plaitr is committed to full compliance with all applicable international economic, trade, and financial sanctions. This Policy sets out the controls Plaitr operates to prevent the platform from being used by, on behalf of, or for the benefit of sanctioned persons, entities, or jurisdictions.
2Applicable sanctions regimes
Plaitr screens against, at a minimum: the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Consolidated Sanctions List; the United Nations Consolidated List; the European Union CFSP consolidated list; the United Kingdom Office of Financial Sanctions Implementation (OFSI) Consolidated List; the Government of India Ministry of Home Affairs / UAPA lists; and the United Arab Emirates Local Terrorist List. Adverse media relating to sanctions, proliferation financing, or serious financial crime is also screened.
3Screening
Plaitr uses Didit to screen all Users, directors, authorised signatories, and beneficial owners at onboarding and upon updates to applicable sanctions lists. Sanctions screening on regulated transaction flows is performed by the licensed partner under its own program. Positive and possible matches are reviewed by Plaitr Compliance and shared with the relevant partner as required.
4Prohibited jurisdictions
Plaitr does not provide services to persons located in, ordinarily resident of, or transacting with jurisdictions subject to comprehensive sanctions. The current list of prohibited and high-risk jurisdictions is set out in the Prohibited Use Policy.
5Blocking and rejection
Where a User or beneficial owner is confirmed as sanctioned, Plaitr will deny or terminate access to the platform and notify the relevant licensed partner. Blocking and rejection of regulated transactions and any regulator reporting are performed by the licensed partner under its own program.
6Stablecoin and wallet screening
For stablecoin flows, wallet-level sanctions and chain-analytics screening on the underlying rails is performed by the licensed partner. Plaitr may additionally screen wallet addresses at the platform layer using reputable feeds where appropriate.
7Reporting
Regulatory blocking and rejection reports are filed by the licensed partner within statutory timelines applicable to the partner (for example, OFAC blocking reports within 10 business days). Internal escalation within Plaitr follows the AML/CFT Policy.
8Governance
This Policy is owned by Plaitr Compliance and reviewed at least annually. Material updates to sanctions regimes are reflected in screening rules on a rolling basis.
9Contact
Report a sanctions concern: compliance@plaitr.com.