The Central Bank of Afghanistan has revealed that the country has now been removed from the gray list, the list of countries with questionable banking systems, by the Financial Action Task Force (FATF). The regulator said the country has fulfilled all FATA conditions in order for it to be removed from the list. This means, Afghanistan’s financial system will gain credibility around the world and all banks in the country will in future be able to deal with international banks in other countries. Countries on the gray list are faced with serious limitations in money dealings. Afghanistan was on the verge of being blacklisted by the FATF in 2014 – alongside North Korea and Iran. However, FATF said it would be moved to the blacklist if it did not criminalize money laundering, establish a system to trace terrorist money, and track the cash flowing back and forth across the country’s porous borders.