US sanctions target Afghan money laundering

By ASSOCIATED PRESS
February 19, 2011 01:24

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

KABUL, Afghanistan — Stepping up its pressure on corruption in Afghanistan, the United States on Friday sanctioned a major Afghan money-exchange outfit suspected of laundering billions of dollars in drug money.

The US Treasury Department sanctioned the New Ansari Money Exchange, which it says is at the center of a network of individuals, money-exchange houses and other businesses operating in Afghanistan and the United Arab Emirates.

US officials and others in the international community have been pushing President Hamid Karzai to crack down on corruption in his government and in its financial and business sectors. The near collapse of the Kabul Bank, the nation's largest private financial institution, because of questionable lending practices, as well as petty bribery schemes throughout the government have hurt the Karzai administration's efforts to woo the loyalty of the public from the Taliban insurgents.

Related Content

Breaking news
August 19, 2018
Baghdad gun shops thrive after Iraqi rethink on arms control

By REUTERS