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

US paid close to $50,000 per shooting spree death

The United States paid close to $50,000 in compensation for each Afghan killed in the shooting spree attributed to a

Afghanistan to become a member of the International Road & Transport Union- Daud Ali Najfi

Afghanistan’s Minister of Transport and Aviation, Daud Ali Najfi, said Afghanistan may soon gain a membership to the International Road

Afghan Senate approves “Wedding Law”

The Afghan Senate has approved a law that regulates wedding prices in the country. The “Wedding Law” was passed by

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Your e-mail address will not be published.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.