Place: FinTRACA, Kabul Afghanistan
Date: 2nd September 2019
Based on the Compliance Coordination Committee term of reference (TOR), the biannual meeting of the Compliance Coordination Committee was held in Financial Transactions and Reports Analysis Center of Afghanistan (FinTRACA) and chaired by the Director General of (FinTRACA) Co-chaired by Financial Supervision Department of Da Afghanistan Bank.
The meeting was attended by ABA, Chief Compliance Officers and Chief Operation Officers of Commercial Banks.
The purpose of the meeting was to discuss AML/CFT preventative measures, responsibility of commercial banks in relation to AML/CFT issues, LCTRs, AML/CFT certification for compliance department employees and to create a platform for exchange of information among mentioned banks.
The above matters were discussed in detail with the members of the committee and consensus was formed on the following points,
Upon forming consensus over the above mentioned matters, the Director General of FinTRACA instructed banks to take effective steps toward implementation of Da Afghanistan Bank’s instructions and FinTRACA circulars and maintain close cooperation with FinTRACA and FSD.