English | دری

Afghanistan is out of international banking gray list

in Afghan Business

Afghanistan is out of international banking  gray list

The Financial Action Task Force (FATF) has finally removed Afghanistan from the international banking gray list after five years.

Afghanistan’s central bank, Da Afghanistan Bank (DAB), has managed to fulfill all FATA conditions in order to be removed from the list.

The country escaped FAFT’s blacklist in 2014 when outgoing President Hamid Karzai signed a package of anti-money-laundering laws the last minute.

But, Kabul was warned to make progress on implementing money laundering laws.  It was required to criminalize money laundering, trace terrorist money and track the cash flowing back and forth across the borders.

 



Related Articles

DP World to explore opportunities in Afghanistan’s dry ports

DP world aims to develop ports in countries such as Afghanistan and Myanmar where the underdeveloped markets are showing potential

Gas price up, flour down in Kabul

(Pajhwok Afghan News Weekly Price Report)- The price of flour decreased and of liquefied gas jumped in Kabul during the

How to follow Paiwand online

 Starting on Sunday, September 22, Paiwand will bring together over 200 participants and speakers from all over Afghanistan and abroad

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.