English | دری

MPs at odds over changes to Anti-Money Laundering Law

in Afghan Business

MPs at odds over changes to Anti-Money Laundering Law

Afghan lawmakers in the Lower House had a heated debate over changes to a controversial article of the Anti-Money Laundering Law on Monday.

According to Article 4 of the Anti-Money Laundering Law, those who have earned money through illegitimate means over the past 14 years will face investigation. The NUG’s proposes that the law should be only applicable to individuals guilty of crimes after the ratification of the law.

The majority of lawmakers who rejected the proposal shared the opinion that amending the law would allow numerous criminals to evade prosecution.

“We do not want to join the thieves by amending this article,” said Farah MP Humaira Ayoubi.

“If we modify the law, it will mean that we have approved the robbery of the criminals over the past 14 years,” said Balkh MP Muhammad Abda.

Some MPs spoke out against the Article’s retroactive applicability based on the opinion to correct the future rather than going to the past.

“We cannot apply the law to the past. For instance, if we pass a law today that says Wednesday is off, we cannot say that Wednesdays from the past 10 years should be considered off as well,” said Kabul MP Shukriya Barekzai.

Despite the heated debate, the Law was passed to the Presidential Palace for ratification.



Related Articles

World Bank approves USD 12.5mn additional financing to improve Afghanistan’s Pension Scheme

The World Bank approved an additional grant of USD 12.5mn aimed at financing the continuation of a project to provide

The Adventure of Afghanistan’s Pashtanay Bank: Is it fight against corruption or fight against Afghanistan’s banking system?

Establishment of banking system in 1312 (equivalent to 1913 in Gregorian calendar) with the inauguration of Bank Milli Afghan (Afghan

Hayatullah Dayani wants the Afghan state bank’s debtors detained

Currently imprisoned in Pul-e-Charkhi, Former Chief of the Pashtanay Bank Hayatullah Dayani demands assistance and cooperation in arresting the individuals

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Your e-mail address will not be published.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*