Kathmandu, March 16 -- The Department of Money Laundering Investigation has launched joint or parallel investigations with police on money laundering cases as part of effort to improve coordination among the law enforcement agencies ahead of mutual evaluation of Nepal's compliance to standards on anti-money laundering and terrorist financing due for 2020.
The Asia Pacific Group on Money Laundering (APG), a regional anti-money laundering watchdog, is scheduled to conduct mutual evaluation of Nepal through peer review next year. Nepal is a member of the group.
A recent government report, prepared by agencies including the law and finance ministries, the Department of Money Laundering Investigation, and the Financial Information Unit, pointe...