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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;

STATISTICS

  2017 2016
Warning Letters issued to Banking Institutions - 5
Warning Letters Issued to Money Service Providers 4 55
Suspension Orders 8 -
Revoked Business Licenses (MSPs) 61 106
Frozen Bank Accounts 91 42
Frozen Bank Accounts (Amount) AFN 6,791,783 - USD 792,970 and EUR 200
AFN 25 Million and USD 240 Thousands
Financial Penalties (Banking Institutions) AFN 3,550,000 AFN 1,050,000
Financial Penalties (MSPs) AFN 3,791,800 AFN 3,233,300



Updated on: December 2017
 
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