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Author McLeod, Grant, author

Title Responding to corruption and the Kabul Bank collapse / Grant McLeod
Published Washington, DC : United States Institute of Peace, 2016


Description 1 online resource (18 pages)
Series Special report ; 398
Special report (United States Institute of Peace) ; 398.
Contents Introduction -- The path to fraud -- Criminal justice -- Recovery of the missing money -- Political complications -- Banking and financial oversight -- Recommendations for remedial action -- Conclusion
Summary "The 2010 collapse of Kabul Bank, at the time a critically important institution in Afghanistan's banking system, exposed major regulatory and transaction-related deficits in the system that permitted a large degree of fraud. The involvement of the political elite in the fraud made recovering funds and prosecuting cases extremely difficult. The resolution of the criminal elements and recovery of missing funds have faced the same challenges as before and have fared little better under current president Ashraf Ghani. Strengthening the system of financial oversight offers the best opportunity for success. Donor programs, including the IMF and World Bank, may support the necessary reform"--Publisher's web site
Notes "December 2016."
Bibliography Includes bibliographical references (pages 14-18)
Notes Description based on online resource; title from PDF caption (USIP, viewed December 3, 2020)
Subject Kābul Bānk.
SUBJECT Kābul Bānk. fast (OCoLC)fst01996531
Subject Bank failures -- Afghanistan
Banks and banking -- Corrupt practices -- Afghanistan
Bank failures.
Banks and banking -- Corrupt practices.
Form Electronic book
Author United States Institute of Peace, issuing body.