AFGHANISTAN HAS PAPER AML/CFT CONTROLS IN PLACE, BUT WEAKNESS OF GOVERNMENT HAMPERS IMPLEMENTATION
May 1st, 2008
BY PAUL COCHRANE
SINCE the USA-led military intervention in 2001 helped overthrow the Taliban region in Afghanistan, the country has made important steps to curb money laundering and terrorist financing. In 2004, anti-money laundering (AML) and combating terrorist financing (CTF) legislation was enacted, and a Financial Investigation Unit (FIU) established. But instability coupled with Afghanistan being the world's top opium supplier has essentially nullified such legislative steps. Corruption is widespread, the current government has minimal control over much ...
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