By Jeremy Herb
“The persistent delays in instituting basic anti-money laundering procedures” by the Afghan government at the Kabul airport “are deeply troubling,” the report says.
The report said that while Afghanistan is a cash-based economy where large movements of money are typical, bulk cash flows raise the risk of money laundering and smuggling, tools used to finance terrorism and narcotics activities.
Afghanistan had an estimated $4.5 billion taken out of the country in 2011, according to the Congressional Research Service.
Corruption in Afghanistan is a major concern as the country transitions to its own security and reconstruction when NATO troops are slated to leave in 2014. The international community has pledged to commit funding to the Afghan reconstruction, but some of those funds could disappear if corruption issues are not properly addressed.