NCA Issues Red Alert on Financial Sanctions Evasion Typologies
The National Crime Agency (NCA) in conjunction with the Office of Financial Sanctions Implementation (OFSI) and the Joint Money Laundering Intelligence Taskforce (JMLIT) Sanctions Facilitators Cell has issued a Red Alert.
The alert highlights the common techniques suspected to be used by designated persons and their UK enablers to evade financial sanctions.
FIs should take this opportunity to review and update their Sanctions Risk Management procedures where necessary.
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