Annual Report 2018
Annual Report 2017




FinTRACA signs MOU with Department of Combating Economic Crimes at Prosecutor General’s Office of The Republic of Uzbekistan

Place: Embassy of the Republic of Uzbekistan
Date: 18th March,2019

Consistent with Article 31 of the AML-PC Law, the Financial Transactions and Reports Analysis Center of Da Afghanistan Bank signed a Memorandum of Understanding on the exchange of financial intelligence related to money laundering, financing of terrorism and other major crimes with the Department of Combating Economic Crimes at the Prosecutor General’s office of The Republic of Uzbekistan. The MOU was signed by Mr. Nesar Yusufzai, the Director General of FinTRACA at the embassy of the Republic of Uzbekistan on the 18th of March 2018 in presence of H.E Mr. Yadgar Khwaja Shadmanov, the respected ambassador of the Republic of Uzbekistan in Kabul.

In conformance with the MOU, the Financial Transactions and Reports Analysis Center of Da Afghanistan Bank and the Department of Combating Economic Crimes at the Prosecutor General’s office of The Republic of Uzbekistan are responsible for collecting, analyzing, and facilitating exchange of financial intelligence either spontaneously or upon request from the parties. The exchange of financial intelligence is purposed to assist financial investigation concerning money laundering, terrorist financing and other predicate offences.

This memorandum is intended to establish a framework for cooperation, fasten the exchange of information, and establish an effective coordination mechanism to enhance combating abilities of the counterpart FIUs in the fight against money laundering, financing of terrorism and other predicate offences.

Contemplating the long term bilateral cooperation between the Islamic Republic of Afghanistan and the Republic of Uzbekistan, and considering trade relations between the two countries, this Memorandum of Understanding on the fight against money laundering, financing of terrorism and other predicate offences is expected to have significant and positive outcomes.

It is also noteworthy that this is the Nineteenth Memorandum of Understanding which has been signed by FinTRACA with counterpart FIUs on the exchange of financial information related to ML, TF and other predicate offences.