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Decision on money laundering law Wednesday

Afghanistan
Typography

afg_bankWolesi Jirga Speaker Abdul Rauf Ibrahimi on Sunday ruled the lower house would take a decision on the proposed anti-money laundering and terrorist financing laws on Wednesday.

On last Wednesday, some lawmakers said the anti-money laundering bill could not be approved within days and called for summoning the government officials, who delayed sending the measure to the assembly for three years.

The laws were presented before the house by the Ministry of Justice last month. The measures are aimed to prevent money laundering and terrorist financing.

Some Western countries have told Afghanistan its banks would be put on an international blacklist if it did not pass the anti-money laundering law.

At today’s session, which was also attended by some government officials and civil society representative, Ibrahimi said despite the fact that sending the anti-money laundering law to the parliament had been delayed for three years, the house would try to approve it as soon as possible.

He said the committee of commission heads had decided to conclude its debate on the law within three days, including today, and present it before the general session on Wednesday.

Amir Khan Yar, who heads the house finance and budget commission, said the lower house would approve the law if it met the interest of Afghanistan and international standards.

He said the house panels would investigate all technical aspects of the law within three days before presenting it to the general session for approval.

Justice Ministry officials say if the law is approved at the earliest, it would help Afghanistan banks maintain their relations with foreign banks.

Da Afghanistan Bank chief Dilawari told Pajhwok Afghan News he hoped the parliament would soon approve the laws and urged President Karzai to sign them without any delay.