Money laundering: Five-year strategy, plan made public
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KATHMANDU , NOV 14 - The Ministry of Finance has made public a five-year money laundering and financial investment prevention in terrorist activities strategy plan for 2068-2073 BS, Monday.
The plan was made public to guarantee national and international environment for investment and justify the investment friendly environment.
Minister for Finance Barshaman Pun made the plan public, today, prepared with technical support from the International Money Fund (IMF) in the request of Ministry of Finance and Nepal Rastra Bank.
Speaking at the function organised on the occasion, Minister Pun said it is necessary to invite investment saying the plan will be turned out to be a milestone to maintain financial good governance and ensure financial discipline and to encourage the investment.
He said the strategy is expected to discourage the acts of evading transaction and hiding the actual source of property.
Speaking at the programme, Governor of the Nepal Rastra Bank Dr. Yubaraj Khatiwada said it is the compulsion to move ahead financial transactions at par with the world economy emphasizing on positive activities by the revenue administration, judicial administration, private sector and the Rastra Bank itself, have to justify there is no involvement of financial criminals.
Finance Secretary Krishna Hari Banskota said the private sector will face difficulty if they do not maintain transparency.
IMF representative Josef Mayors said financial discipline is a must to invite international investment in Nepal. RSS
Posted on: 2011-11-14 06:28
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