One more effort toward combating Money Laundering and Terrorism Financing in Afghanistan

Kabul, 20 January 2015 – Senior Management officials of DAB, signed cooperation agreement with Public Affairs Section of US Embassy in Kabul at head office of Da Afghanistan Bank to Combat Money Laundering and terrorism financing in Afghanistan.

When signing this agreement, First Deputy and Acting Governor of DAB His Excellency Khan Afzal Hadawal said, “Money Laundering and Terrorism Financing are two crucial and major challenges impeding economic growth and development of Afghanistan which should be countered firmly and constantly”.

Appreciating persistent cooperation of embassy of US toward combating these phenomena, His Excellency Hadawal called the agreement an effective move toward eliminating of money laundering and terrorism financing in the country.

It is said in a point of agreement that Embassy of US will assist Afghanistan in struggling ML and FT and conduct countrywide awareness rising campaigns in collaboration with Da Afghanistan Bank among people, money service providers and FX dealers.

It has to be said that this process will be launched through printing booklets and broadcasting radio advertisements for a period of 9 months in the year 2015.

This project is funded by Embassy of US in Kabul but contents of advertisements and publicity would be determined in consultation with and under supervision of DAB and/or its authorized body which is Financial Transactions and Reports Analysis Center.

This agreement is signed by Khan Afzal Hadawal, First Deputy and Acting Governor of DAB and William N. Ryan, Director of Public Affairs section of US embassy.