In a bid to enhance financial security and combat ML/TF crimes, the Financial Transactions and Reports Analysis Center of Afghanistan (FinTRACA) organized a comprehensive capacity building program for the commercial banks operating in Afghanistan. The events took place on October 16th, October 25th, November 06th and December 10th 2023 at the training center of Da Afghanistan Bank.
The training program aimed to enhance the capacity of the employees from compliance and operation departments of the commercial banks in combating money laundering and other related financial crimes. Participants were instructed on the AML/CFT laws and regulations, fundamental duties and responsibilities of FinTRACA, identification of Money Laundering and Terrorist Financing red flags and the crucial role of on time reporting suspicious transactions (STR) and large cash transactions (LCTR) to FinTRACA.
This initiative was a direct result of the annual plan of FinTRACA derived from the action plan of the National Money Laundering/Terrorist Financing Risk Assessment (NRA) and decisions made by the Compliance Coordination Committee, which recently convened with chief compliance officers from various commercial banks across the country.
