POWERS TO ENFORCE COMPLIANCE


Under the provisions of Article #24 of the AML-PC law and applicable regulations, FinTRACA is authorized to implement compliance enforcement measures. These measures include issuing warning letters, revocation and suspension of business licenses, as well as removing of staff or administrators of reporting entities. The following actions have been implemented to enforce compliance;


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 - - - - -
Warning Letters Issued to EMIs - - - - -
Warning Letters Issued to MFIs - - - - -
Suspension Orders to MSPCOs - - - 3 -
Revoked Business Licenses Of MSPCOs - - - 1 -
Frozen Bank Accounts 127 19 10 41 -
Frozen Bank Accounts (Amount) 34,913,197AFN 1,311,381 USD 3,980,675AFN 3,910,081 USD 20,223,526AFN 809USD; 2,552 EUR 64,555,825AFN 56,4388 USD -



Updated On: December, 2025