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Located in Kabul, Afghanistan, CAPS is an independent, research centre that strives to conduct action-oriented research which will influence policy-makers. It works diligently towards building local capacity to produce conflict and threat assessments that will influence the safety and security of the people serving the governments, and international aid organizations.
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Regional News
Feb 20, 2019
Adding Afghanistan to EU blacklist 'a hasty move': DAB

KABUL (Pajhwok): Da Afghanistan Bank (DAB), the country’s central bank, on Tuesday regretted the European Union Commission’s recent decision of once again adding Afghanistan to its blacklists of countries involved in money laundering as ‘hasty and unfair’.

The EU Commission has recently proposed adding 23 countries to a list of countries with “strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks”.

The move is aimed to protect the EU financial system by preventing money laundering and terrorist financing risks, according to a statement released on Wednesday.

The banks and other entities covered by the EU anti-money laundering rules will be required to apply “increased checks” on financial operations from these “high-risk” countries to better identify any suspicious flow of money.

However, Afghanistan’s central bank, DAB, said all banks in Afghanistan followed international rules and the EU decision’s was a hasty and unfair move.

Emal Hashor, DAB spokesman, told Pajhwok Afghan News that Afghanistan had not been added to the blacklist, but the EU had claimed Afghanistan was among countries struggling to combat money laundering. However, he called the EU proposal to add Afghanistan to the blacklist as unfair and hasty.

He said Afghanistan was removed from the International Financial Group gray list and placed on white list around two years ago after the country implemented rules and laws controlling money laundering.

Afghanistan signed the anti-money laundering and criminal income law in 2014.

Taj Mohammad Akbar, an economist and lecturer in Kabul University, said if Afghanistan was really added to the EU commission blacklist, it would undoubtedly have serious adverse effects on the economic situation, export and import and the transfer of money to Afghanistan.

“If Afghanistan is under high risk of money laundering, it is also a threat to our country”, he added.



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