Pajhwok Services

SMS News Service

Photo Service

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

Cabinet OKs law against money laundering

Cabinet OKs law against money laundering

May 05, 2014 - 15:34

KABULinfo-icon (Pajhwok): The Cabinet on Monday accorded approval to two draft laws combating money laundering and terrorist financing, the Ministry of Finance said.

The laws were drafted to address weaknesses in the banking sector in the wake of the Kabul Bank crisis and further improve Afghanistaninfo-icon’s financial sector.

A statement from the ministry said the laws had been drafted in consultation with relevant international agencies, including International Monetary Fund (IMF) experts.

Besides better regulation of the financial sector, the laws are expected to provide a more conducive and attractive legal environmentinfo-icon for investors and international transactions.

The laws were part of the commitments Afghanistan held out in the Tokyo Mutual Accountability Framework (TMAF) two years ago and the government’s ongoing IMF programme for macroeconomic stability.



Related Article

Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


Add new comment



Twitter Update