Pakistani Freelancers sit without payments as Payoneer.com bans its financial services in Pakistan with 6 other countries.

Payoneer.com bans its financial services in Pakistan with 6 other countries.


In an email recently served to freelancers using Debit Master Cards from Payoneer.com in 7 countries by Payoneer on behalf of US Govt. passed bill as a prevention to implement Anti-Money Laundering & corruption in the Countries: Angola, Ecuador, Ethiopia, Pakistan, Turkmenistan and Sao Tome and Principe.

" Due to a change in requirements from our regulators, as of June 1, 2010 Payoneer cards will be blocked for transactions in the countries listed by the US government as having strategic Anti Money Laundering (AML) deficiencies. This change will affect card usage in the following countries: Angola, Ecuador, Ethiopia, Pakistan, Turkmenistan and Sao Tome and Principe.
If your card is in use in one of the countries listed, we encourage you to use all funds by May 31, while transactions are still possible in these countries.
Please note that beyond May 31 your card will continue to be fully functional in allcountries not banned by the US government, and we will be happy to load payments to the card without any change.
We apologize for the inconvenience and hope that the Payoneer card will continue to provide you with valuable service. "

 A disastrous news for free-lancers and entrepreneurs in Pakistan as they lose another international payment option.



This is most disgusting event in my e-Career as a freelancer from Pakistan.
I agree with jingoist (http://jingoist.pk/blog).




Links on this Issue: 


- http://ehelper.info/payoneer-no-longer-available-in-pakistan-–-change-in-regulations/comment-page-1/#comment-491
-http://www.mixx.com/tags/money-laundering
- http://www.wiredpakistan.com/forums/viewtopic.php?id=12123
- http://pkforum.com/vb/threads/11399-Payoneer-Blocks-its-Master-Cards-for-Pakistan?p=104166
- http://tribune.com.pk/story/11081/paypal-in-pakistan/