POWERS TO ENFORCE COMPLIANCE


Pursuant to the provisions of Article 24 of the AML-PC Law and other applicable regulations, FinTRACA as the competent authority, possesses the necessary legal mandates to impose enforcement and deterrent measures. These measures encompass a wide range of corrective and disciplinary actions, including the issuance of formal warnings, the suspension or revocation of business licenses, and the removal of directors or senior officials of non-compliant financial institutions. Consequently, in order to uphold the rule of law and maintaining financial stability, the following enforcement actions have been implemented as part of the national Anti-Money Laundering (AML) strategy:

Type of Enforcements 2021 2022 2023 2024 2025
Warning Letters, Regulatory Notifications, and Instructions to Banking Institutions - - 2 26 28
Warning Letters Issued to MSPCOs - 1 28 - -
Warning Letters Issued to EMIs - 1 - - -
Warning Letters Issued to MFIs - - - - -
Licenses Suspension of MSPCOs - - 1 3 62
Revoked Business Licenses Of MSPCOs - - 1 1 27
Frozen Bank Accounts 127 19 10 41 -
Frozen Bank Accounts (Amount) 34,913,197AFN 1,311,381USD 3,980,675AFN 3,910,081USD 20,223,526AFN 809USD; 2,552EUR 64,555,825AFN 56,4388USD -



Updated On: December, 2025