EXANTE strictly adheres to international sanctions, particularly regarding the Russia-Ukraine conflict. We've formalised policies addressing AML/CTF and European sanctions, ceased onboarding new clients from Russia and Belarus, and made humanitarian donations. Stay updated on our website for changes to our stance and policies.
At EXANTE, we are committed to complying with all regulatory requirements, especially those related to sanctioned regions, to minimise the effects on our clients.
We monitor international sanctions irrespective of whether there is a direct impact on our operations. The following measures have been implemented in response to sanctions related to the conflict between Russia and Ukraine.
On the 1st of February, 2021, according to the Central Bank of the Russian Federation, EXT Ltd (operating under the brand name EXANTE through the website exante.eu) was added to the list of companies with identified signs of illegal activities in the financial market due to the fact that it has signs of an illegal professional participant in the securities market, as per the local laws and regulations.
The inclusion of the Company to the Central Bank of Russia’s (hereinafter, the “CBR”) warning list was done in error, since the Company does not have any activity in the Russian Federation. The Company has been trying to contact CBR for almost two years now regarding its removal from this list. The attempts included multiple letters from EXT and EXT’s attorneys, explaining the EXT has never been present in Russia, advertising or targeting Russian Federation clients and providing supportive evidence. The War in the Ukraine and the subsequent Sanctions imposed on the CBR further complicated the attempts to resolve this issue and the CBR stopped responding to EXT all together.
It is important to note that the inclusion of the Company on the CBR’s warning list does not imply any penalties or prohibitions of the business activities of companies included in the list.
The main aim of the list, as has been advised by the CBR, is of an informative nature addressed solely to the citizens of the Russian Federation for the purpose of informing them about possible risks involved in cooperation with companies that are not supervised directly by the CBR. In this respect, the purpose of the list is to alert Russian citizens that, if a Russian citizen engages with a foreign company, such citizen loses the protection granted to him/her by Russian regulatory authorities as foreign companies are subject to their local regulations. As a consequence, this also means that, in case of any dispute, the Russian citizen would be required to file a complaint with the foreign firm’s regulatory authority. Therefore, the warning list does not implicate any legal risks but it does have a reputational impact.
Our compliance department has formal policies to address sanctions, anti-money laundering and counter-terrorist financing (AML/CTF).
Additionally, we adhere to the latest sanctions packages implemented by the Council of Europe internally, swiftly adapting policies where necessary and based on (but not limited to) the following legal acts:
Council Regulation (EU) 2023/426; Council Regulation (EU) 2023/427; Council Implementing Regulation (EU) 2023/428; Council Implementing Regulation (EU) 2023/429; Council Implementing Regulation (EU) 2023/430; Council Decision (CFSP) 2023/431; Council Decision (CFSP) 2023/432; Council Decision (CFSP) 2023/433; and Council Decision (CFSP) 2023/434.
Policy Update: Russian & Belarussian Clients
As of 1 March 2022, EXANTE has ceased onboarding new clients residing in the Russian Federation or Belarus. Deposits and securities transfers from existing clients residing in these jurisdictions were simultaneously blocked.
Please see the formal disclaimer on our official website for more information.
In April of 2022, EXANTE donated $1 million in support of UNICEF**’s emergency response efforts related to the ongoing war. The funds were given to support vulnerable families impacted by the war and those forced to flee to neighbouring countries.
**Please note that UNICEF does not endorse any company, brand, product or service.
Disclaimer: EXANTE’s stance on Russian sanctions is subject to change based on adjustments initiated by regulatory authorities and the subsequent introduction of new legal acts.
Please bookmark this page and return here for future updates on our stance and internal policies.