Wednesday, December 12, 2012

Money Continues To Pour Out Of Afghanistan

Idle bulk-currency counters at Kabul International Airport. SIGAR

Vast Sums Of Aid Continue To Be Stolen In Afghanistan -- Christian Science Monitor

Despite years of supposed effort to stop money laundering out of Kabul airport, billions continue to flow from the country unchecked.

In the summer of 2010, the US decided to do something about the enormous sucking sound being generated by the bulk cash shipments funneling through Afghanistan's Kabul airport and on to Dubai, Zurich, and London – every point of the compass, really.

With Afghanistan's two principal cash crops being opium and slicing chunks off the top of international aid, there were no prizes for guessing where the tens of billions of dollars transferred from Afghanistan since the US-led war began in 2002 came from, or how the luxury villas of so many Afghan officials in the United Arab Emirates had been paid for.

Read more ....

More News On Afghanistan's Problem Of Corruption

Kabul Is The Best Place In The World To Move Boatloads Of Unmarked Cash -- Business Insider
U.S. report: Afghans still funneling cash out of country -- Washington Times
Despite U.S. aid, little progress in monitoring Kabul airport cash flow
-- Reuters
US report says Kabul airport not using its currency counters to track cash leaving Afghanistan -- Washington Post/AP
Watchdog: Kabul airport still not counting cash -- Foreign Policy
Elites Still Bypassing Measures to Combat Money Laundering -- Time
U.S. finds Afghan anti-corruption efforts ‘deeply troubling’
-- Washington Post

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