| AMD | AM | Payments above AMD 20 million require supporting documentation (e.g. copy of invoice) indicating the purpose of payment. Ensure your beneficiary’s legal entity type, residency status, and tax code are included in the payment details. |
| AOA | AO | The beneficiary’s taxpayer number (NIF — 10 digits for corporates, 14 digits for individuals) are required for all AOA payments. |
| ARS | AR | Judicial deposit accounts (Depositos Judiciales) are not supported. Salary and payroll payments are accepted but must be clearly identified as such in the payment details. |
| AWG | AW | Payments where the remitter is an MSB or PSP are not supported. For payments to the Aruba Tax Department (Departamento di Impuesto), the beneficiary’s tax ID is required. |
| AZN | AZ | Payments to non-resident beneficiaries are subject to restrictions based on their tax status. Non-taxpayer non-residents (no Azerbaijani tax ID) can only receive funds categorised as “financial aid” and supporting documents are required. Non-resident legal entities must provide supporting documents (invoice, contract, or other business papers) to receive funds. |
| BMD | BM | — |
| BND | BN | — |
| BOB | BO | Payments to beneficiaries holding accounts at Banco Fassil (BSCBFBO2XXX) are not supported and will fail. |
| BSD | BS | Payments where the remitter is an MSB or PSP are not supported. |
| BWP | BW | Supporting documentation is not required upfront, but may be requested post-payment as part of AML monitoring. Recommended to send supporting documents upfront to avoid delays. |
| BZD | BZ | — |
| CDF | CD | — |
| CLP | CL | A beneficiary tax ID is required for all CLP payments — RUT (9 characters) for corporate beneficiaries and RUN (8 characters) for individuals. Payments to NGOs may require up-to-date registration documents before funds can be received. Payments above CLP 10,000,000 require supporting documentation |
| COP | CO | Only specific local banks are supported for COP payouts. Below USD 10,000, the beneficiary must fill out forms at their local bank before funds are credited to their account. Above USD 10,000, the beneficiary’s bank requires supporting documents to be submitted on the day the transaction closes. Please ensure your beneficiary is aware they may need to take action at their bank to receive funds. |
| CRC | CR | — |
| CVE | CV | — |
| DJF | DJ | Payments to Dahabshil Bank International are not supported and will be rejected. |
| DOP | DO | — |
| DZD | DZ | — |
| ERN | ER | Payouts in ERN can only be made to beneficiaries who are onshore residents of Eritrea. Payments to non-residents are not supported. |
| ETB | ET | Only Payroll and Goods & Services payments are accepted in ETB with supporting documentation. Investment-related payments must be routed through an onshore Custodian and cannot be sent directly via SWIFT. Note: returns or recalls of ETB payments are typically very slow and can take several weeks. |
| FJD | FJ | — |
| GEL | GE | — |
| GHS | GH | Supporting documentation may be required depending on the purpose of payment and for transactions above the annual FX threshold of USD 10,000, as governed by Ghana’s Foreign Exchange Act. |
| GMD | GM | — |
| GNF | GN | — |
| GTQ | GT | For payments to individual beneficiaries, the account must be held at Banco Industrial (INDLGTGCXXX). Payments to individuals at any other bank are not supported. Payments to corporate or institutional beneficiaries are not subject to this bank restriction. |
| GYD | GY | — |
| HNL | HN | Payments between two individuals (P2P) are not supported. Payments from a company to an individual are only accepted for salary or medical reimbursement purposes. Capital injection payments are not supported. Payments to beneficiaries holding accounts at the Central Bank of Honduras (BCEHHNTEXXX) are not supported. |
| HTG | HT | — |
| ISK | IS | — |
| JMD | JM | Payments where the remitter is an MSB or PSP are not supported. |
| JOD | JO | — |
| KGS | KG | Payments to individual beneficiaries are not permitted where the payment is for rent of premises (landlord payments). All other individual payments are supported. |
| KHR | KH | For tax payments to the General Department of Taxation (GDT), the P101 document must accompany the payment. Please coordinate with your beneficiary’s bank in advance for tax payments. |
| KMF | KM | — |
| KYD | KY | Payments where the remitter is an MSB or PSP are not supported. Note that KYD payments are processed as draft payments (not real-time). |
| KZT | KZ | A contract or invoice may be required depending on the purpose of payment. |
| LAK | LA | — |
| LRD | LR | — |
| LSL | LS | — |
| MAD | MA | — |
| MGA | MG | The beneficiary may be required to provide supporting documentation to comply with Madagascar’s Exchange Control Regulations. Beneficiaries should be prepared to submit documents to their local bank upon request. |
| MNT | MN | — |
| MOP | MO | — |
| MRU | MR | Payments related to the fishing industry, mining industry, or export proceeds must be made in hard currency (not MRU) and cannot be settled in local currency. |
| MUR | MU | — |
| MVR | MV | — |
| MWK | MW | — |
| MZN | MZ | The beneficiary may be required to provide documentation to their local bank or the Correspondent Bank to comply with Mozambique’s Exchange Control Regulations. |
| NGN | NG | Supporting documents are required depending on the nature of the transaction, as specified by the Central Bank of Nigeria. For investment-related payments (capital importation, dividends, interest repatriation), a Certificate of Capital Importation (CCI) is required. Cash-funded outflows are limited to USD 10,000 per day. |
| NIO | NI | — |
| NPR | NP | Payouts in NPR can only be made to onshore residents of Nepal. For payments related to equity investment or foreign loans, the beneficiary must have already received prior regulatory approval before the payment is initiated. |
| PEN | PE | — |
| PGK | PG | Payouts in PGK can only be made to onshore residents of Papua New Guinea. Payments to non-residents are not supported. |
| PKR | PK | Only Goods & Services (clean) payments are accepted in PKR — investment-related payments must be routed through an onshore Custodian. The beneficiary is required to complete an Inward Remittance Form (Form R) at their paying bank before funds are released. This process typically takes 3–7 days. We recommend informing your beneficiary to expect this step. |
| PYG | PY | — |
| RWF | RW | — |
| SBD | SB | — |
| SCR | SC | — |
| SLE | SL | — |
| SRD | SR | — |
| STN | ST | — |
| SZL | SZ | — |
| TJS | TJ | For payments to individual beneficiaries, a copy of the beneficiary’s passport and employment contract must be provided. Payments without these documents will not be processed. |
| TOP | TO | — |
| TTD | TT | Payments where the remitter is an MSB or PSP are not supported. |
| TWD | TW | Payments above TWD 500,000 require the beneficiary to complete a Central Bank declaration form and provide supporting documentation before funds are released. For corporates, the threshold is USD 1 million equivalent; for individuals it is USD 500,000 equivalent. Beneficiary should be informed to expect this step for high-value payments. |
| TZS | TZ | Only Payroll and Goods & Services payments are accepted in TZS. Investment-related payments must be routed through an onshore Custodian and cannot be sent directly. Note: returns or recalls of TZS payments are typically slow and can take several weeks. |
| UYU | UY | Payments can only be made to beneficiaries holding accounts at Citibank Uruguay. Payments to accounts at any other bank are not supported. |
| VUV | VU | — |
| WST | WS | — |
| XCD | AG, AI, DM, GD, KN, LC, MS, VC | Payments where the remitter is an MSB or PSP are not supported. |
| XCG | CW | — |
| XPF | PF | Payments to beneficiaries holding accounts at Office Postes Et Telecom De Polynes are not supported and will be rejected. |
| ZMW | ZM | Supporting documentation may be required depending on the purpose of payment. Payouts in ZMW can only be made to onshore residents of Zambia. |
