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Seven-member taskforce to ensure effective prevention of money laundering
December 10, 2024

Seven-member taskforce to ensure effective prevention of money laundering

Kathmandu, Dec 10: A seven-member taskforce is to be formed to make the prevention of money laundering and financial investment in terrorist activities more effective. The Money Laundering Prevention Committee here today took the decision to this effect. As per the decision, the National Coordination Committee Coordinator will lead the taskforce.

Similarly, Secretary of the Commission for the Investigation of Abuse of Authority, Deputy Attorney General of the Office of Attorney General and Deputy Governor of the Nepal Rastra Bank will remain as members of the taskforce.

Furthermore, Joint-Secretary of the Ministry of Finance, Director of the Department of Money Laundering Investigation and Chief of the Financial Intelligence Unit are also in the taskforce. The Director of Nepal Rastra Bank will be taskforce’s member-secretary, it was shared.

The taskforce will enhance coordination among the agencies working to curb the financing of terrorism as well as money laundering related activities as necessary.

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