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Afghanistan’s financial intelligence unit signs MOU on exchange of information with Interior Affairs Ministry

By:          Nesar Yosufzai, Certified Financial Crimes Specialist As money laundering and terrorist financing risk is an evolving trend, therefore effective combating abilities, including close coordination and cooperation among the relevant stakeholders is essential. The Financial Action Task Force also

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Afghanistan will be removed from banking gray list in a month

Da Afghanistan Bank (DAB), Afghanistan’s national bank, has announced that Afghanistan will be taken off the gray list of the Financial Action Task Force (FATF) in a month after meeting all the requirements. Afghanistan’s removal from the gray list will

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International transactions still an issue for Afghan private banks

Afghan private banks are still facing problems with transferring money from abroad to Afghanistan despite the approval of the Anti-Money Laundering and Financing Terrorism Prevention Laws. A number of foreign banks have reportedly refused to transfer money into Afghanistan through

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Afghan Central Bank Chief calls for immediate approval of Anti-Money Laundering Law

Afghan Central Bank Chief, Norullah Delawari, called on the senate for the immediate approval of the Anti-Money Laundering Law. This comes as the Financial Action Task Force(FATF) meeting is held on June 22nd in Paris, where decision on Afghanistan’s blacklisting

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Afghan Parliament passes anti-money laundering laws

Afghan Lower House approved the much-awaited anti-money laundering laws on Monday. Consisting of 5 chapters and 29 articles, the laws are passed by the Parliament after the Financial Action Task Force (FATF) warned of blacklisting Afghanistan for failing to take

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Wolesi Jirga fails to pass the Anti-Money Laundering Law

The ratification of the Anti-Money Laundering Law has been postponed until next Monday as the Lower House of the Parliament failed to pass the law due to lack of quorum. The Parliament is facing a lack of attendance as most

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China rejects dollar transactions have been halted with Afghan banks

The embassy of People’s Republic of China in Afghanistan on Tuesday rejected reports that the Chinese banks have halted transactions with most Afghan commercial banks. Chen Shijie, Counsellor in Chinese Embassy in Afghanistan said, “The media report which claimed that

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Afghan Lower House to vote on Anti-Money Laundering Law next week

The Afghan Lower House committees will vote on the Anti-Money Laundering and Financing Terrorism Prevention Laws next Wednesday. After approval from the Lower House, the Laws would be submitted to the Senate to decide whether or not to send it

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Afghan law against money laundering submitted to Parliament for approval

The Afghan Ministry of Justice has submitted the new anti-money laundering law to the Parliament for approval. According to Acting Ministry of Justice Mohammad Yousuf Halim, the new law is in accordance with the standards required by the Financial Action

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Afghan banks required to establish links with US banks soon

The Afghan financial institutions are urged to establish links with a US bank to allow for an interrupted dollar transfer. This comes as the German Commerce Bank has announced to close its dollar accounts with Afghanistan within two months, if

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German Commerce Bank to close dollar accounts with Afghanistan

Facilitating Afghanistan’s banking transactions in the last 11 years, German Commerce Bank has decided to close down all its internal dollar accounts with Afghanistan. One of the reasons cited for this decision is the lack of programs preventing money laundering

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