FINALLY THE ANTI-MONEY LAUNDERING LAW MAKES HEADWAY

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The government of Afghanistan has put all speculations to rest by approving the anti-money laundering law, which means the country will most probably not be blacklisted by FAFT now
 
Ending months of intense speculation and guesswork, the upper house of Afghan parliament on June 24 approved the anti-money laundering law, a week after the law was sent by lower house to upper house for approval. Now, President Hamid Karzai will give his final nod before the law comes into effect.
 
Anti-money laundering law is a legislation designed to combat money laundering, corruption and financing of terrorism in Afghanistan. Comprising 5 chapters and 29 Articles, the law seeks to prevent and prohibit the use of financial institutions or any economic activities for money laundering and for the financing of terrorism.

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