National Crime Agency
Alert issued on the illicit finance risks associated with South Sudan
The NECC, in conjunction with the FCO and the DfID, has published an alert on the illicit finance risks associated with South Sudan.
The National Economic Crime Centre (NECC), in conjunction with the Foreign and Commonwealth Office and the Department for International Development, has published an alert on the illicit finance risks associated with South Sudan. It highlights the red flags that members of the regulated sector and others should be aware of when seeking to do business in South Sudan or with South Sudanese entities.
Graeme Biggar, NECC Director General recently said:
“Corrupt actors and criminal groups are known to exploit the UK regulated sector. They do so to launder the proceeds of crime through the UK, or to conceal the origins of their wealth within the UK. The UK regulated sector plays a vital role in the early identification of such activity. We hope this alert will raise awareness, so that we can work together to stop the proceeds of corruption from South Sudan entering the UK.”
Mr Chris Trott, Her Majesty’s Ambassador to South Sudan, recently said
“The civil war in South Sudan has claimed the lives of over 380,000 since 2013. It has been characterised by terrible human rights abuses, including the deliberate targeting of civilians, the use of rape as a weapon of war, and forced recruitment of child soldiers. Over 4 million people, a third of the population, have been displaced.
“The conflict has been fuelled by corruption. Many political and military elites have used their positions to loot the country’s natural resources, including revenues from oil and gas, to enrich themselves and fund continued fighting; in some instances has funded militias and arms purchases, despite the 2018 UN arms embargo. Corruption has not only prolonged the conflict but held back development. Over half the population require emergency food assistance and violence and humanitarian access restrictions mean that there is a risk of famine in some areas, a crisis exacerbated by recent, extraordinary flooding.
“A revitalised peace agreement was signed in September 2018, which has reduced violence and offers a chance for peace. But the agreement is fragile. There are few incentives for the elites and Politically Exposed Persons (PEPs) to change their behaviour and commit to long-term peace.
“We need the private sector to take a balanced approach of enhanced due diligence whilst ensuring a continued flow of licit funds and investment into South Sudan. This is particularly important not only for international organisations on whom the country and its economy depend, but also the families whose livelihoods depend on remittances and legitimate business.
“Unless we as the public and private sector work together on such an approach, South Sudan will be trapped in a never-ending cycle of impunity, with its people being the ones that pay the price.”
Latest News from
National Crime Agency
Op Venetic: Suspected drugs and money laundering network members arrested in Bolton13/07/2020 10:20:00
Five suspected members of a Bolton-based organised crime group involved in drugs supply and money laundering have been arrested as part of National Crime Agency activity linked to Operation Venetic
Man jailed for cocaine fruit and veg conspiracy13/07/2020 09:10:00
A man who tried to use a fake fruit and veg business as a cover for drug trafficking has been jailed for trying to smuggle cocaine worth over a million pounds into the UK
Operation Venetic: Merseyside man arrested for firearms offences10/07/2020 15:05:00
A man from Merseyside has been arrested as part of a National Crime Agency investigation into the supply of firearms.
NCA statement on modern slavery allegations in Leicester09/07/2020 11:15:00
The National Crime Agency can confirm that it has received information regarding allegations of modern slavery and exploitation in the textile industry in Leicester.
Irish trio plead guilty to drug importation offences following four-year NCA investigation07/07/2020 16:15:00
Three men have pleaded guilty to a series of drug and firearms offences, following a major investigation by the National Crime Agency.
“NCA not fu*@ing about,” say kingpin criminals06/07/2020 15:43:00
Kingpin criminals at the heart of a landmark law enforcement breakthrough into encrypted communications are in fear of the National Crime Agency and police, according to their messages.
Operation Venetic: suspect charged overnight with drugs and firearm supply06/07/2020 13:15:00
A 24-year-old man who was arrested recently (2nd July) as part of an National Crime Agency led investigation under Operation Venetic has been charged.
Man guilty after drugs worth millions found in toy delivery06/07/2020 12:43:00
A man who tried to smuggle cocaine worth over £8 million into the UK in a van delivering toy bricks has pleaded guilty.
NCA and police smash thousands of criminal conspiracies after infiltration of encrypted communication platform in UK’s biggest ever law enforcement operation02/07/2020 15:43:00
Entire organised crime groups dismantled during Operation Venetic with 746 arrests, and £54m criminal cash, 77 firearms and over two tonnes of drugs seized so far.