US ALLOWS PERSONAL REMITTANCES TO FLOW TO AFGHANISTAN

On 3 September, KYC 360 reported that the US has told financial institutions that they may process personal remittances to Afghanistan.  This could provide some relief for the Afghan economy, which is nearing collapse.  Remittances amount to an estimated $789 million in 2020, or just over 4% of Afghanistan’s GDP.  Western Union and MoneyGram had both suspended such services after the Taliban takeover.

https://kyc360.riskscreen.com/news/u-s-allows-personal-remittances-to-flow-to-afghanistan/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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