News

Banks rushing to assess their exposure to Afghanistan may soon expand their reviews to cover neighboring countries whose vulnerability to terrorist financiers and money launderers is also set to spike following the Taliban's return to power, sources told ACAMS moneylaundering.com. The militia's swift overthrow of the U.S.-backed government in Kabul on Aug. 15, nearly 20 years after retreating from the capital to Afghan's vast, rugged countryside and over the border into Pakistan, suddenly placed a globally blacklisted terrorist organization in control of a national government and its finances. U.S. officials have since frozen $7 billion that Afghanistan's central bank kept...