The UK placed crypto payment brands Cryptomus and Heleket under the same sanctions designation on Oct. 8, 2026, naming Xeltox Enterprises Ltd. as the target. Switching between the two brands leaves the shared designation relevant to the counterparty assessment.
For merchants choosing a payment processor and customers seeking access to funds, the operator matters as much as the name on the checkout. The Foreign, Commonwealth & Development Office's notice lists Cryptomus, Heleket and Certa Payments Ltd. as variations of Xeltox's name.
Xeltox appears in the notice under unique ID RUS3755. The UK says it has reasonable grounds to suspect the company has supported or benefited from Russia's government through the Russian financial-services sector, citing its ownership of Cryptomus and activities linked to and continued through Heleket.
The listed measures include an asset freeze, restrictions on trust services, director disqualification, internet-services sanctions and correspondent-banking and payment-processing restrictions.
For the banking measure, the notice prohibits UK credit or financial institutions from establishing or continuing correspondent relationships with the designated person and from processing payments to, from or through it. It also extends the measure to credit or financial institutions owned or controlled by that person.
The internet measure imposes a different obligation. Social-media services, internet-access services and application stores must take reasonable steps to prevent UK users from accessing content, websites or applications supplied by the designated person. The requirement establishes a UK access restriction.
Guidance from the Office of Financial Sanctions Implementation (OFSI) says UK financial sanctions apply to people and activities within UK territory and to UK nationals and entities established under UK law wherever they operate.
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