Annual Report 2018
Annual Report 2017

Participation at FATF Plenary in Paris-France and Signing Memorandum with AMLD-Taiwan

Mr. Khalil Sediq, Governor of Da Afghanistan Bank (Central Bank) and Mr. Nesar Ahmad Yosufzai, Director General of FinTRACA participated at Financial Action Task Force Plenary meetings (16-21 October 2016) in Paris – France. Afghanistan submitted its progress report to International Cooperation Review Group (ICRG/FATF) and emphasized that ICRG conclusion at FATF June Plenary in Busan-South Korea was, issuing of freezing order “without delay” as only outstanding item in Action Plan. Thereafter, Afghanistan has taken significant steps to implement UNSCR 1267 and 1988 sanctions without delay. Afghan delegation reported that Attorney General’s Office issued a standing freezing order “Standing Instruction” dated 20th July 2016 applicable on current and subsequent UNSCR updates on real time basis.

Afghan delegation sought the attention of members to exit Afghanistan from monitoring process of ICRG, and facilitate onsite visit on compliance to Afghanistan. FATF welcomed the report and congratulated Afghanistan for the progress commanded and the political will of Afghan Government implementing its action plan.

FATF Public Statement: 21st October 2016

“In June 2012, Afghanistan made a high-level political commitment to work with the FATF and APG to address its strategic AML/CFT deficiencies. Afghanistan has taken significant steps to improve its AML/CFT regime, including issuance of a freeze order that automatically requires the implementation of changes to the UNSCR 1267 list. However, Afghanistan should provide additional information regarding the implementation of its legal framework for identifying, tracing and freezing terrorist assets. The FATF encourages Afghanistan to continue implementing its action plan to address the remaining AML/CFT deficiency”

During the FATF Plenary week, Financial Transactions and Reports Analysis Center of Afghanistan and Anti-Money Laundering Division (FIU) of Taiwan signed a Memorandum of Understanding (MOU) concerning cooperation in the exchange of financial intelligence related to Money Laundering, Associated Predicate Offenses and Terrorist Financing. Based on the signed MOU, parties will cooperate to assemble, develop and analyze information relevant to suspected money laundering, associated predicate offences and terrorism financing and will freely exchange spontaneously or upon request the widest range of information available or obtainable, based on reciprocity.

FATF Plenary in Paris-France Memorandum with AMLD-Taiwan