U.S. Rescinds Taliban Sanctions Regulations

     WASHINGTON (CN) – The Office of Foreign Assets Control plans to withdraw the Taliban Sanctions Regulations issued under former President Bill Clinton, which banned all financial transactions with members of Taliban and placed an embargo on trade with areas of Afghanistan they controlled.

     President Clinton ordered the sanctions after it became clear that elements of Al Qaeda, including Osama bin Laden were using Afghanistan as a safe haven to train and plan terrorist activities including the 1998 bombings at U.S. embassies in the east African cities of Dar es Salaam, Tanzania and Nairobi, Kenya.
     The agency says it is withdrawing the regulations because they were made redundant by the fall of the Taliban from power in Afghanistan and subsequent executive orders which more narrowly targeted individual members of the Taliban.
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