Summary
This document is a guide on Afghanistan's Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. It outlines the rights and obligations of both legal and natural persons in preventing and detecting money laundering and terrorist financing. The guide details the necessary requirements for identity verification as mandated by Afghanistan's regulations, including customer screening, identification, and verification processes. It specifies the attributes required for identifying individuals, compliant customer due diligence (CDD) methods, and the types of documents needed for verification. Furthermore, it discusses the timing of verification and the importance of enhanced due diligence (EDD) for politically exposed persons. The document also emphasizes the client's responsibility to comply with legal obligations and the potential reliance on external services for due diligence. Record retention requirements are highlighted, indicating that data must be kept for a minimum of five years to meet AML and KYC obligations.
