Aflatoxins produced by Aspergillus flavus and Aspergillus parasiticus are contaminants of peanut (Arachis hypogea L.). Aflatoxin contamination is a serious concern given their hepatotoxic properties and their widespread occurrence during cultivation, harvest, drying and storage. Management of aflatoxin contamination of peanut is very important using cultural practice such as habitat management, soil amendments and pre-and post-harvest managements, using physical control methods, biological control methods and chemical control methods at harvest, drying, pre-storage and storage periods. Some procedures such as upkeep of low temperature and relative humidity (RH) in storage, keeping away the pod-and seed-feeding insects, doing the harvest and post-harvest procedure control, fast post-harvest drying, optimal timing of digging and harvest, providing optimum water to the crop through irrigation, avoiding mechanical damage during cultivation and optimal timing of digging and harvest might prevent the contamination of aflatoxin. In this review, various strategies for control of aflatoxin in peanuts in all periods are discussed.