Payment compliance and sanctions:
Convera are responsible for processing payments through the LSE approved payment platforms and as a Financial Institution, they are obligated by compliance regulations to screen all payments against global databases and may therefore need to contact you for more information before passing the funds onto LSE.
If Convera require additional information they will contact you from a convera.com email address. Should you receive a request via email for more information about your payment, whilst taking care to cross check the email address, please ensure you respond to the email immediately as failure to do so may result in the payment being returned and you needing to make a replacement payment.
Please note that Convera must adhere to banking regulations in relation to transactions with countries subject to sanctions as listed by the United Nations, the European Union, the United Kingdom, and the United States (OFAC).
Convera Global Sanctions Policy
Our payment partner Convera and all if its affiliates are committed to complying with economic and trade sanctions programs in force in the countries, territories, and jurisdictions in which Convera operates.
Convera maintains a Global Sanctions Policy which sets forth minimum standards for compliance with applicable sanctions laws and regulations. Convera and all of its affiliates do not provide services to, from or involving individuals, entities or organizations, or other connected parties which are currently targeted by sanctions administered by the following bodies: United Nations, European Union, Office of Foreign Assets Control, Office of Financial Sanctions Implementation or as part of other local sanctions law.
Convera also limits transactions involving certain jurisdictions and parties as a matter of internal policy where such business may present unacceptable levels of sanctions-related risk. Economic and trade sanctions programs administered by various government bodies prohibit or restrict transactions to or from (or dealings with) certain countries, their governments, and in certain circumstances, their nationals. As a result of these prohibitions and restrictions, Convera limits its dealings with certain jurisdictions and entities including the following:
- Cuba, Iran, North Korea: Convera does not process payments to/from or involving these countries as a matter of company policy, regardless of whether such payments are permissible under any applicable sanctions regulations.
- Afghanistan: On a case-by-case basis with the pre-approval of the Convera Global Sanctions and Interdiction team, Convera will process payments to/from Afghanistan where it determines such payments –involve transfers in support of Non-Governmental Organizations’ humanitarian activity in Afghanistan, where the underlying activity is consistent with parameters set forth by the applicable sanctions’ regulatory authority.
- Syria: On a case-by-case basis with the pre-approval of the Convera Global Sanctions and Interdiction team, Convera will process payments to/from and involving Syria where it determines such payments involve transfers in support of Non-Governmental Organization’s humanitarian activity in Syria and such transfers are permissible per applicable sanctions regulations.
- Venezuela: On a case-by-case basis with the company approval, Convera will process payments involving Venezuela where it determines such payments are authorized under the applicable sanctions regulatory authority and consistent with Convera’s company policy. As a matter of company policy, Convera does not process payments where any financial institution client of Convera is sending a payment on behalf of another entity (Natural Person or Corporate Body) resident in Venezuela. Additionally, Convera does not process payments where any client of Convera is sending a trade-related payment involving, directly or indirectly, the Venezuelan oil, gas and energy sector or ancillary services including but not limited to construction, shipping, transportation, and professional consulting services.
- Crimea Region (Ukraine/Russia), Donetsk Region (Ukraine/Russia), Luhansk Region (Ukraine/Russia): Convera does not process payments to/from or involving the above mentioned jurisdictions as a matter of company policy, regardless of whether such payments are permissible under any applicable sanctions regulations.
- Russia: Convera does not process payments to/from or involving Russia as a matter of company policy, regardless of whether such payments are permissible under any applicable sanctions regulations
- Belarus: Convera does not process payments to/from or involving Belarus as a matter of company policy, regardless of whether such payments are permissible under any applicable sanctions regulations.
Please be aware that where either the student/family payer or sponsor is resident in and/or the payment is originating from any of the above areas, then you cannot make payment through the LSE's approved payment portals.
For further information see About Convera and Payment Security see LSE Payment Policy