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Insurance Authority Chairman Madan Dahal has instructed the insurance companies to establish a separate department for prevention of money laundering. Chairman Dahal has already established a separate department in the Nepal Insurance Authority to prevent money laundering in the insurance sector, and now the company has also instructed to establish a separate branch to deal with this issue.
In the organization of Nepal Insurance Authority, an orientation regarding prevention of money laundering was held today at the central office of the authority, Kupandol, Lalitpur. Chairman Dahal gave the instructions in the program.
In the program organized on the eve of the National Anti-Money Laundering Day, which is to be celebrated with the slogan 'Transparency in financial activities, commitment to prevent money laundering', Chairman Dahal said that the national responsibility to prevent money laundering is also the responsibility of the insurance sector, so the insurance companies must work responsibly. Authorities have been instructed.
Chairman Dahal said that the authority is ready to provide necessary technical support to insurance companies including training related to prevention of money laundering.
