Bank employees rob $1.4 million from their own bank
Staff at the Spin Boldak district of Kandahar province’s Afghanistan Central Bank branch have robbed and gotten away with close to AFN 81 million ($1.4 million) on Thursday, 19th of this month. The total amount of the missing money is not confirmed yet as investigators are still waiting to gain access to the vault, but security cameras do show that the vault has been cleaned out.
Fazel Ahmad Azimi, the bank director for the southwestern region of the country had this to say about the situation: “Yesterday we could only open one of the treasury’s doors. We hope to open the next one today.”
This comes at a time when scrutiny over Afghanistan’s weak banking regulations is at a high as an international financial authority had threatened to put Afghanistan on a blacklist last year should the country not do more to enforce laws on its banking system.
The robbery is believed to have been carried out by a senior official of the bank who was an employee of nine years. Investigators believe that the suspect along with his son and brother-in-law, who are also believed to be involved in the robbery might have escaped to Pakistan.
Afghanistan was threatened by the Financial Action Task Force (FATF) in February of last year for failing to pass key measures on combating money laundering.
The country escaped blacklisting in June 2014 after rushing through the last-minute laws to crack down on criminal use of its banks. Afghanistan’s eleventh-hour legislating saved it from the blacklist; however, FATF warned Kabul to improve its banking laws
The Afghan Ministry of Commerce and Industries has launched a survey of Kabul markets aimed at identifying the importers of
With a cost of 16 million AFN, 15 projects of the National Solidarity Program of the Ministry of Rural Rehabilitation
The United States Agency for International Development (USAID) will release $15 million to the Afghan government from the U.S. –