Here is the converted article in Markdown format:

Afghanistan Moves to Embrace E-Money for Secure Payments

======================================================

Kabul, Afghanistan - In a bid to modernize its payment systems and reduce the risks associated with cash transactions, Afghanistan is set to introduce e-money as a viable alternative.

Introducing E-Money

According to officials from the Ministry of Justice (MOJ) and Da Afghanistan Bank (DAB), the country’s central bank, e-money will enable individuals to make secure payments online or offline using digital currencies. This move aims to ensure that financial transactions are robust, efficient, and transparent.

Benefits of E-Money

The introduction of e-money is expected to bring numerous benefits, including:

• Reduced risks associated with cash transactions
• Improved financial infrastructure
• Increased efficiency in payment systems
• Enhanced transparency and monitoring of transactions

Regulations Governing E-Money

Under the new regulations, e-money institutions will be required to register with DAB and comply with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. Only authorized financial institutions will be allowed to operate as e-money issuers.

Monitoring and Reporting Transactions

To prevent any illegal activities, all transactions will be monitored and reported to the Financial Intelligence Unit (FIU). The FIU will work closely with DAB and MOJ to ensure that all transactions are legitimate and compliant with regulations.

International Support

Many countries have already adopted e-money as a means of reducing the use of cash and promoting digital payments. Afghanistan believes that this move will not only benefit its citizens but also help in combating money laundering and terrorist financing.

Resources

For more information on the regulations governing e-money in Afghanistan, please visit:

• Ministry of Justice: www.moj.gov.af
• Da Afghanistan Bank (Central Bank): www.dab.gov.af
• Financial Intelligence Unit: www.fintraca.gov.af

For related laws and regulations, please visit:

• International Monetary Fund (IMF) - “Islamic Republic of Afghanistan: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism”
• Financial Action Task Force (FATF) - “The FATF Recommendations”

References

1. IMF (2011). “Islamic Republic of Afghanistan: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism.”
2. DAB (2015). “Amendments of Anti-Money Laundering and Proceeds of Crime Law.”
3. ICRG (2012). “Action Plan.”
4. FATF (2012). “The FATF Recommendations.”

End