Wednesday, August 27, 2008

Sanctions for six banks in Macedonia

The Macedonian anti money laundering and terrorism financing administration (USPPFT) will sanction those banks that have been uncooperative towards this institution.

The administration’s press release states that the success in tackling money laundering and terrorism financing largely depends on banks’ cooperation and it will not allow any improvisations in this field.

As uncooperative banks, USPPFT listed Eurostandard banka, Alfa banka, Uni banka, Izvozna i Kreditna banka, PoŇ°tanska banka, and Capital banka.

These banks do not submit enough reports and do not separate analyses of suspicious transactions.

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