English | دری

Afghan Parliament passes anti-money laundering laws

in Afghan Business

Afghan Parliament passes anti-money laundering laws

afghan parliamentAfghan 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 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.

This comes only a few days before FATF announces its decision on blacklisting Afghanistan for failing to combat money laundering.

According to experts, it would take 5 years or longer to get Afghanistan’s name off the blacklist.



Related Articles

Japan Contributes $7mn to Support Children & Mother’s Health in Afghanistan

The Government of Japan has donated USD 7 million in support of UNICEF’s drive to provide life-saving vaccines, addressing urgent needs

Roots of Peace remains committed to support Afghanistan despite the attack

Roots of Peace CEO and Founder, Heidi Kuhn, said her organization would continue to support Afghanistan despite the recent attack

Japan funds construction of school buildings in Afghanistan

Japanese Ambassador Hiroshi Takahashi signed a USD 25mn contract for the construction of school buildings in Bamyan, Daikundi and Ghor

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Your e-mail address will not be published.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.