English | دری

Lower House approves draft anti-money laundering laws

in Afghan Business

Lower House approves draft anti-money laundering laws

afghanistan parliamentThe Afghan Lower House approved the draft laws on Anti-Money Laundering and Financing Terrorism Prevention Laws on Wednesday.

Consisting of 5 chapters and 29 articles, the laws were approved by the Parliament after the Financial Action Task Force (FATF) warned of blacklisting Afghanistan for failing to take measures against money laundering.

In accordance with the law, Afghanistan’s National Security Council and the UN Security Council will impose sanctions against those individuals and freeze the banks that finance terrorism networks.

A member of the International Relations Committee (IRC) of the Lower House, Naheed Farid, said the legislation was for the benefit of the country to help ensure security and assist the law enforcement agencies to prevent sponsorship of terrorist network through black money.



Related Articles

Torkham’s customs revenue up by 20% despite decline in trade activity

Officials of the Customs Department at the Torkham dry port in eastern Nangarhar province have reported a 20% increase in

International Assistance to Afghanistan will Continue, Hillary Clinton

Hillary Clinton said at a ‘Women in Public Service Institute’ inaugural ceremony that international assistance to Afghanistan would not be

Afghan government plans to import fuel from Russia to tackle soaring prices

The Ministry of Commerce and Industries plans to sign an agreement with Russia, in a bid to tackle soaring prices

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Your e-mail address will not be published.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.