FIN.

FCA warns firms about Afghanistan financial crime risks

FCA has reminded firms that the recent developments in Afghanistan may have an impact on the way they need to assess financial crime risks. It has warned them to consider what impact events may have on patterns of activity when they are assessing the risks relating to particular customers and flows of funds. It notes that Afghanistan is not currently listed as a high risk jurisdiction (although sanctions are already in place), but that nevertheless firms are required generally to apply risk-based measures, including considering country risk.

Emma Radmore