Mon. Jun 27th, 2022

Earlier this month, the United Statess leading military basic alerted the return of Taliban guideline could accelerate the possible threat of terrorist groups regrouping in Afghanistan. Islamic States affiliate in Afghanistan has declared responsibility for Thursdays attack.The central Asian nation is in a state of shift after Joe Biden assured to end 20 years of United States military presence in the country by 31 August.”We anticipate companies to develop and maintain systems and controls to counter the threat they may be utilized to further financial criminal activity.”Financial firms were likewise informed to report any suspicious activity to the UK Financial Intelligence Unit and the National Crime Agency, and evaluation existing sanctions already in location in relation to Afghanistan.The FCA provided similar warnings over financial criminal offense threats in 2015 in regard to banks transactions with Ukraine, following Russias annexation of Crimea months previously. At the time, the watchdog advised firms to take additional precautions over any transactions or transactions with the nation after the EU launched sanctions and possession freezing orders versus members of Ukraines previous government and individuals who were apparently threatening Ukraines self-reliance.

“We expect companies to establish and keep controls and systems to counter the risk they might be utilized to more financial crime.”Financial firms were likewise informed to report any suspicious activity to the UK Financial Intelligence Unit and the National Crime Agency, and review existing sanctions currently in place in relation to Afghanistan.The FCA provided comparable warnings over financial crime risks in 2015 in regard to banks transactions with Ukraine, following Russias annexation of Crimea months previously. At the time, the watchdog prompted firms to take additional safety measures over any negotiations or transactions with the nation after the EU released sanctions and asset freezing orders against members of Ukraines former federal government and people who were presumably threatening Ukraines self-reliance.

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Wizadclick | WAC MAG 2022