Nepal committed to controlling financial crimes: FM Koirala

काठमाण्डु टुडे २०७० मंसिर २७ गते १७:०४ मा प्रकाशित

Kathmandu, Dec.12: Minister for Finance Shanker Prasad Koirala has said the government is committed to introducing necessary legal and regulatory provisions to control financial crimes.

             During his meeting with representatives of Financial Action Task Force (FATF), an inter-governmental body developing and promoting polices to combat money laundering and terrorist financing on Thursday, Minister Koirala said the government in the past three to four years has introduced five ordinances as per its commitments to controlling financial crimes. 

             Formation of the national coordination committee, regulatory bodies, financial information cell, money laundering investigation department and other bodies is meant for maintaining disciplines in the finance sector, he added.

             The anti-money laundering move is the top priority of the Nepal government, which, he said, would help attain financial stability and strengthen nation’s economy.

             Nepal is always joining its hands with international communities in controlling financial crimes and wants to continue this tie in the days ahead also. All political parties are aware of financial crimes and are committed to controlling them, FM Koirala said. 

            Nepal Rastra Bank governor Dr Yubraj Khatiwada, who was also present in the meeting, said Nepal witnessed remarkable progress in legal regulating and enforcement sector.

             Finance Secretary Shantaraj Subedi said Nepal’s future financial strategy would follow the government’s national strategy, pledging to improve weaknesses in the legal regulatory and research sectors.

             The delegation highly evaluated the progress that Nepal made in the financial improvement sector in the past few years, adding it would prepare a report about legal and organizational management and future plan about financial disciplines in Nepal.

             The report will be presented at the top level of Financial Action Task Force and a meeting of FATP to be held in the second week of February will decide over the report.

             If the report presents satisfactory implementation situation, there will be no possibility of Nepal falling in the FPTP black list. RSS

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