 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
A news item published by the Kathmandu Post’s online edition Kanthipuronline said that Dharma Raj Sapkota, chief of financial information unit at NRB and H.A. Karunaratne, chief of financial investigation unit of CBSL singed the agreement during the 12th annual meeting of Asia Pacific Group on Money Laundering held in Australia.
It said: "According to a press release of NRB, with the singing of MoU, the two countries will exchange information, coordinate and assist each other in order to tackle the money laundering and investment of money for terrorist activities.
Earlier, Nepal had signed similar MoU with Bangladesh on October 21, 2008. Sapkota said that Japan and Mongolia have also expressed desire to sign similar agreement with Nepal.
The MoU was signed as a step by Nepal to garner international support and partnership for checking legalization of illegal money and transfer of money for funding criminal activities and terrorism. Nepal has already signed similar MoU with Bangladesh on October 21, 2008.
The agreement will help the two countries to share information and join hands in fighting money laundering, says a press release issued by the Nepal Rastra Bank on Friday. "The understanding will strengthen investigations and also support Nepal to acquire membership of Egmont Group," the release said."
