Task force to tackle money laundering, illicit investments

By A Staff Reporter,Kathmandu, Dec. 11: The government has decided to form a seven-member task force to execute work against money laundering and financing in terrorist activities more effectively.

As per the decision taken by a meeting of Anti-Money Laundering Steering Committee, the coordinator of the National Coordination Committee will be the coordinator of the task force, according to the Ministry of Finance.

The members will include the Secretary of the Commission for the Investigation of Abuse of Authority, the Deputy Attorney General of the Office of the Attorney General, Deputy Governor of Nepal Rastra Bank, Joint Secretary of the Ministry of Finance, Director General of the Department of Money Laundering Investigation and the Head of the Financial Intelligence Unit. 

The Director of Nepal Rastra Bank will be the member secretary of the task force. The task force will also coordinate between the agencies involved in preventing money laundering and terrorist financing.