President Karzai signs the anti-money laundering bill into law.
Afghan President Hamid Karzai on Wednesday signed the anti-money laundering bill into law.
President Karzai issued a presidential decree which stated that the the anti-money laundering law which was approved by the lower and upper house of the parliament has been signed.
The Afghan senate house – upper house of the parliament on Tuesday approved the anti-money laundering law, while the law was approved by lower house of the parliament last Monday.
Anti-money laundering law is part of a two-part legislative initiative designed to combat money laundering, corruption and the financing of terrorism.
This comes as the Financial Action Task Force (FATF), an international body that sets standards on how countries combat money laundering, threatened Afghanistan with the punishment earlier this year.
The body had warned that the failure by
No comments:
Post a Comment