English | دری

Afghan runoff contenders call for immediate ratification of Anti-Money Laundering Laws

in Afghan Business

Afghan runoff contenders call for immediate ratification of Anti-Money Laundering Laws

ghani and abdullahAfghan presidential candidates, Dr. Abdullah Abdullah and Ashraf Ghani, have emphasized on immediate ratification of Anti-Money Laundering and Prevention of Financing Terrorism laws.

Campaigning for the June runoff election, the contenders expressed concerned about Parliament’s delay in passing the laws.

Qurban Ali Haqjo, former Afghan Chamber of Commerce chief and a current member of Abdullah’s campaign team, said their government would do whatever would be needed to get Afghanistan’s name off the blacklist, if it happened.

“It will be our top priority to ratify the laws as soon as we take office and will expand our relations with the International Banking Organizations to clear Afghanistan’s name from the list,” said Haqjo.

Ghani’s campaign team said the laws were as important as the Bilateral Security Agreement, which both Ghani and his rival Abdullah have agreed to sign within days of taking office.

“It would take some time to get Afghanistan off the list, but our team will be able to get organizations to trust the banking system of Afghanistan,” said Farooqi.

The passing of the Law has become a top priority of the Parliament as Afghanistan has been warned by the Financial Action Task Force (FATF) on Money Laundering, an international body that sets standards on how countries combat money laundering, for failing to pass key measures on curbing money laundering.

The threat from FATF is close to becoming real if the laws are not passed in time. The FATF is due to announce its decision on Afghanistan’s blacklisting in 20 days.



Related Articles

Famous singer Loreen ‘Ambassador’ for Swedish Committee for Afghanistan

The famous Swedish singer Loreen Talhaoui is from now on linked to Swedish Committee for Afghanistan as “Ambassador”, in order

Kandahar Fruit Exporters Face Problems from Pakistan Amid Fruit Harvests

Traders from southern Kandahar province are not enjoying the current fruit harvests as their trade is trampled by the neighboring

New building for statistics department inaugurated in Jawzjan

A new building for the statistics department in the first district of Sherberghan city in Jawzjan has been inaugurated. According

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.