FATF's updated analysis of the progress in Afghanistan is a small, yet positive sign trending towards stability in the region. After almost two decades of military intervention, stabilizing banking controls, and therefore the financial system will be key to facilitating progress, and preparing for economic success post-conflict.
The key takeaway from this FATF narrative is the continued improvement of Afghanistan's culture of compliance, a basic and important principle of AML and CTF programs. Continued improvement will likely result in increased trade and economic activity for the nation and its citizens.
The FATF welcomes Afghanistan’s significant progress in improving its AML/CFT regime and notes that Afghanistan has established the legal and regulatory framework to meet its commitments in its action plan regarding the strategic deficiencies that the FATF had identified in June 2012. Afghanistan is therefore no longer subject to the FATF’s monitoring process under its on-going global AML/CFT compliance process.