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
PCTF seize NI properties under Proceeds of Crime Act25/11/2020 16:15:00
National Crime Agency officers, working as part of the Paramilitary Crime Task Force (PCTF), have seized a number of properties in Northern Ireland following a proceeds of crime investigation.
Drug dealers jailed after £300k of cocaine and handgun found in London flat25/11/2020 12:33:00
Two men have been sentenced to a combined 18 years in prison for drugs and firearms offences following an investigation by the joint National Crime Agency and Metropolitan Police Service Organised Crime Partnership.
Man admits 96 online sexual offences against 51 young boys24/11/2020 11:15:00
A man who pretended to be multiple teenage girls online has admitted 96 sex abuse offences against 51 boys aged four to 14.
Suspected class A drugs recovered in PCTF operation23/11/2020 11:15:00
National Crime Agency and Police Service of Northern Ireland officers working as part of the Paramilitary Crime Task Force (PCTF) have seized over one kilo of suspected cocaine following searches of two parked cars and nearby land in the Greenisland area of County Antrim.
Three men charged in NCA people smuggling investigation23/11/2020 09:05:00
Three men have been charged with people smuggling offences after a fishing boat was intercepted off the coast of East Anglia.
Publication of the 2020 annual report on the Suspicious Activity Reports regime20/11/2020 11:15:00
The 2020 Suspicious Activity Report (SARs) Annual Report was published yesterday (19 November).
Isle of Wight businessman charged in child sexual abuse investigation19/11/2020 14:52:00
An Isle of Wight businessman has been charged as part of a National Crime Agency investigation into child sexual abuse.
Drugs smuggler jailed after tobacco tale13/11/2020 16:15:00
A lorry driver who was delivering sofas to the UK has been jailed after half a million pounds worth of cocaine was found hidden in the vehicle he was driving.