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Afghanistan: FinTRACA and Ministry sign MoU on AML/CFT exchange of information

The Financial Transaction and Reports Analysis Centre of Afghanistan ('FinTRACA') signed, on 26 March 2018, a memorandum of understanding ('MoU') with the Ministry of Interior Affairs of the Islamic Republic of Afghanistan ('the Ministry') to enhance cooperation on the exchange of information to combat anti-money laundering and the financing of terrorism ('AML/CFT'). FinTRACA noted that while it had been exchanging information with a number of enforcement bodies within the Ministry since its establishment, following amendments to Afghanistan's AML/CFT legislation, additional information sharing was required to 'provide value-added operational and strategic analytical products, and support the criminal justice system.' The MoU requires, the Counter Terrorism Department, the Intelligence Department, and the Criminal Investigation Department, among other enforcement bodies, to exchange information to enhance the process of detection, investigation and prosecution of potential AML/CFT violations.

You can read the press release here.