Paxos adheres to the regulations and recommendations of governing bodies that enforce international standards on financial sanctions. High-risk regions that do not follow these standards fall into the list of prohibited regions.
Paxos will not approve accounts residing in any jurisdiction that is subject to the sanctions lists published by the U.S. Department of the Treasury and the Financial Action Task Force. If Paxos concludes that you reside in a prohibited region or are violating applicable sanctions in any way, your account will be subject to review by Paxos and Paxos will take any other actions required by law.
For more information about the U.S. Treasury and the Office of Foreign Assets Control (OFAC), please visit their website. And for more information on the Financial Action Task Force (FATF), please visit their website.