US Regulatory Compliance
The Prop Pit is a US-based company that closely adheres to United States regulatory compliance mandates. As part of our commitment to operating within the boundaries of US law, we are required to comply with sanctions programs administered by the Office of Foreign Assets Control (OFAC), a division of the US Department of the Treasury.
OFAC administers and enforces economic and trade sanctions based on US foreign policy and national security goals. These sanctions prohibit US persons and companies from engaging in transactions with certain countries, entities, and individuals.
The Prop Pit does not accept registrations, provide services to, or process payments from individuals or entities located in OFAC-sanctioned countries. Accounts found to be associated with sanctioned jurisdictions will be terminated immediately.
OFAC Sanctioned Countries
The following countries are subject to comprehensive US sanctions programs. Residents and nationals of these countries are not permitted to use The Prop Pit platform or services:
| Country | Sanctions Program |
|---|---|
| Cuba | Cuba Sanctions |
| Iran | Iran Sanctions |
| North Korea (DPRK) | North Korea Sanctions |
| Syria | Syria Sanctions |
| Russia | Russia/Ukraine-Related Sanctions |
| Belarus | Belarus Sanctions |
| Myanmar (Burma) | Burma Sanctions |
| Venezuela | Venezuela Sanctions (government-related) |
| Zimbabwe | Zimbabwe Sanctions |
| Sudan | Sudan Sanctions |
| South Sudan | South Sudan Sanctions |
| Somalia | Somalia Sanctions |
| Libya | Libya Sanctions |
| Yemen | Yemen-Related Sanctions |
| Mali | Mali-Related Sanctions |
| Central African Republic | Central African Republic Sanctions |
| Democratic Republic of the Congo | DRC Sanctions |
| Lebanon | Lebanon-Related Sanctions |
| Iraq | Iraq-Related Sanctions |
| Ethiopia | Ethiopia Sanctions |
| Nicaragua | Nicaragua-Related Sanctions |
| Western Balkans (select regions) | Western Balkans Sanctions |
Additional Restrictions
In addition to the comprehensive country-based sanctions above, The Prop Pit also screens against:
- Specially Designated Nationals (SDN) List — Individuals and entities owned or controlled by, or acting for or on behalf of, sanctioned countries. Assets are blocked and US persons are prohibited from dealing with them.
- Sectoral Sanctions Identifications (SSI) List — Persons operating in specific sectors of the Russian and Venezuelan economies.
- Non-SDN Menu-Based Sanctions (NS-MBS) List — Persons subject to non-blocking menu-based sanctions.
- Foreign Sanctions Evaders (FSE) List — Foreign individuals and entities that have violated US sanctions.
Why We Comply
Compliance with OFAC sanctions is not optional. It is a legal requirement for all US-based businesses. Violations can result in significant civil and criminal penalties. The Prop Pit takes these obligations seriously as part of our broader commitment to:
- Operating transparently and lawfully within the US financial regulatory framework
- Protecting our customers and business partners from sanctions-related risk
- Maintaining the integrity of the US financial system
- Supporting national security and foreign policy objectives
Sanctions programs are subject to change. The Prop Pit regularly reviews and updates its compliance procedures in accordance with the latest OFAC guidance. For the most current list of sanctioned countries and entities, visit ofac.treasury.gov.
What If You Are Affected
If you are located in or a national of one of the countries listed above and have questions about your eligibility, please contact our support team. We are unable to make exceptions to OFAC sanctions requirements, as compliance is mandated by US federal law.
If your country is not on the list above, you are welcome to register and use The Prop Pit platform. We serve traders from over 150 countries worldwide.