Based on the resolution of the 6th Higher Level Cooperation and Coordination (HLCC) meeting, for the better implementation of Anti-Money Laundering and Proceed of Crime Law of Afghanistan and also as per the 2nd recommendation of Financial Action Task Force (FATF), all the related governmental agencies should have better coordination to combat money laundering, tax evasion and other financial crimes, for this purpose the Financial Transection and Reports Center of Afghanistan (FinTRACA) reviewed and re-signed Memorandum of Understanding (MOU) with Ministry of Finance Revenue Department as on 03/Mar/2024.
The center expects that the exchange of information would be an effective measure to combat money laundering and other financial crimes.
By signing this MOU, to the maximum tax evasion will be prevented, revenue will increase, and the trust of the nation will be enhanced on the county’s financial sector.
