In the presence of Prime Minister KP Sharma Oli, a high-level discussion was held between the top political leadership, top administrative leadership and representatives of related agencies regarding the assessment of Nepal's situation in the prevention of money laundering and the future course of action for improvement.
In a discussion held on Sunday at the office of the Prime Minister and the Council of Ministers, the Chairman of the Nepali Congress and former Prime Minister Sher Bahadur Deuba, Deputy Prime Ministers, Ministers, leaders in the political apparatus, Senior Vice President of CPN (UML) Ishwar Pokharel, General Secretary Shankar Pokharel, Congress General Minister Gagan Kumar Thapa and other participants presented the situation in Nepal in the prevention of money laundering. was done .
The Financial Action Task Force (FATF) has been involved in money laundering, terrorism and the production and proliferation of weapons of mass destruction. International standards have been determined with the aim of preventing illegal activities such as financial investment. Member States have to comply with the standards of FATF and Nepal v. No. Was a member of 2059 . After that, legal, policy and structural work has been going on in this area . In the Asia Pacific region, the Asia Pacific Group on Money Laundering (APG) has been working together on this matter among the countries here.
According to the assessment made by APG, 25 countries of the world, including Nepal, are in the situation of 'jurisdiction under increased monetary' (grey list), so there was an intensive discussion in the meeting to improve it. It has been suggested in the discussion to take steps to prevent Nepal from being included in the "grey list" by presenting Nepal's political commitment and reform initiatives at the APG's "face to face" meeting to be held in the Philippines in January. In the
discussion, Prime Minister Oli emphasized that everyone should take this situation seriously and work effectively from tomorrow to bring positive change in the situation. He said that there is an imbalance in the economic activity when it is more strict in some places and more soft in some places and due to many procedures and mechanisms, industrialists and businessmen are also discouraged and this situation should be improved. He said that a new government has recently been formed with the goal of stability and since they are taking initiatives to improve the situation, they should report to the international forum on that basis with reliable political commitment.
Congress President Deuba said that it is very difficult to implement asset laundering because there is no account of who buys what and where. He stressed that people should be taught about various aspects of economic business and the situation should be improved.
In order to improve the situation of asset laundering, the government has approved a national strategy on preventing financial investment in asset laundering and terrorist activities in Nepal by the decision of the Council of Ministers on June 17.
The meeting of the Council of Ministers on the 5th of January had decided to appoint three regulatory agencies for prevention of money laundering . In that meeting, Nepal Rastra Bank was designated as the regulatory body for vehicle purchase loan providers and Social Security Fund, Department of Transport Management for vehicle dealers, and Nepal Securities Board as the regulatory body for investment companies.
