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Karzai signs law to curb financing of terrorism

July 3, 2014
Afghan President Hamid Karzai has signed a law to curb financing of terrorist groups in Afghanistan. Signing of the terrorism financing law was one of the two measures to needed to save the banks of Afghanistan from being put on an internal blacklist.
The Presidential Palace media office following a statement said the president raified the law after it was verified by the judiciary that law does not vilate the national sovereignty of the country and human rights. The law was approved by the Afghan lawmakers in 29 chapters and 9 articles earlier in June and was sent to President Karzai for ratification.

 

This comes as the Financial Action Task Force (FATF), an international body that sets standards on how countries combat money laundering, threatened Afghanistan with the punishment earlier this year. The body had warned that the failure by Afghan government to pass key measures means that it could be blacklisted in the month of June.