AFGHANISTAN IS A COUNTRY FULL OF CORRUPTION & MONEY LAUNDERERS FOR IRAN!!!
DIFFERENT POINT OF VIEW by Monte Friesner
Financial Crime Consultant for WANTED SA
Wednesday October 13, 2010
WANTED SA received the information from our man in Afghanistan that the consistent refusal of the Afghan government to prosecute corruption cases involving officials at the ministerial and cabinet levels, which was demonstrated last month when that country's president sacked a senior corruption prosecutor has resulted in runaway corruption that poses a clear and present danger to any Western business that is operating in Afghanistan.
Increased anti-corruption enforcement, whether it be the FCPA in the United States, or the Anti-Bribery Law in the UK, creates the risk that the actions of a foreign agent will incriminate the parent company or entity. When too many hands are outstretched for bribes or kickbacks, sooner or later, someone in legal trouble implicates the company that they were supposed to be serving in an ethical manner.
Remmitance companies in the UK, Dubai, Singapore and Panama are operating openly recruting issuers of various cards to issue Credit Cards to residents of Iran by setting up dummy corporations in Panama and using banks in Panama mocking the sanctions of the USA. Many of these companies are now under investigations and arrests will follow.
Has doing business in Afghanistan has now become an ultra hazardous activity?
Let us not forget that the Kabul Airport has witnessed loads of obscene amounts of money being "bulk cash" from Iran being smuggled out of the country, on a daily basis, which serves to confirm the claims of anti-corruption units. Reports from our Inteligence Division state that twenty-five senior Afghan government officials are under active investigation for corruption.
Unfortunately, a number of these same officials are reportedly on the payroll of US intelligence services who pay them for information. Afghanistan remains a dangerous jurisdiction, due to the rampant corruption, for any foreign company seeking to operate there.
The facts and opinions stated in this article are those of the author and not those of WANTED SA. WANTED SA does not warrant the accuracy of any facts and opinions stated in this article; does not endorse them, and accepts no responsibility for them.