With the Islamist militant movement back in power, the absence of a functioning financial intelligence unit (FIU) could curtail Afghanistan’s links to the international financial system and to lenders abroad, some experts warned. A Taliban spokesperson did not immediately respond to a request for comment on the status of FinTRACA staff or whether the unit would operate in future. The U.S. Treasury, which provided technical assistance to the unit with other national and international bodies, declined to comment on FinTRACA staff still in Afghanistan. One FinTRACA staff member said it was still disconnected on Tuesday. “The FATF is closely monitoring the developing situation in Afghanistan,” the group said in a statement.

Source: Egypt Independent September 15, 2021 11:03 UTC