FinTRACA - Financial Transactions and Reports Analysis Center of Afghanistan


POWERS TO ENFORCE COMPLIANCE


Following article # 24 of the AML Law, FinTRACA has the power to enforce written warnings, revocation or suspension of a business license and impose on the reporting entity a fine not less than 50,000 and not more than 500,000 Afghanis. The following actions have been implemented to enforce compliance;


  2018 2017 2016
Warning Letters issued to Banking Institutions - - 5
Warning Letters Issued to Money Service Providers - 4 55
Warning Letters Issued to Electronic Money Institutions 3 - -
Suspension Orders (MSPs) 8 8 -
Suspension Orders (FXDs) 1 - -
Revoked Business Licenses (FXDs) 1 - -
Revoked Business Licenses (MSPs) 10 61 106
Frozen Bank Accounts 22 91 42
Frozen Bank Accounts (Amount) AFN 3,995 - USD 4,914 - EUR 99 AFN 6,791,783 - USD 792,970 & EUR 200
AFN 25 Million & USD 240 Thousands
Financial Penalties (Banking Institutions) AFN 1,500,000 AFN 3,550,000 AFN 1,050,000
Financial Penalties (MSPs) AFN 1,642,600 AFN 3,791,800 AFN 3,233,300
Financial Penalties(EMIs) AFN 50,000 - -
Financial Penalties(FXDs) AFN 100,000 - -




Updated On: August 2018