Seven-member taskforce to ensure effective prevention of money laundering

KATHMANDU, DECEMBER 10: A seven-member task force is set to be formed to strengthen efforts in preventing money laundering and curbing financial investments in terrorist activities.

The decision was made during a meeting of the Money Laundering Prevention Committee held today. According to the resolution, the task force will be led by the Coordinator of the National Coordination Committee.

Its members will include the Secretary of the Commission for the Investigation of Abuse of Authority, the Deputy Attorney General from the Office of the Attorney General, and the Deputy Governor of Nepal Rastra Bank. Additionally, the Joint Secretary of the Ministry of Finance, the Director of the Department of Money Laundering Investigation, and the Chief of the Financial Intelligence Unit will also serve as members. The Director of Nepal Rastra Bank will act as the member-secretary of the task force.

The task force aims to enhance coordination among agencies involved in combating terrorism financing and money laundering activities, ensuring more effective and streamlined measures as needed.