Kathmandu: A seven-member task force has been formed to enhance the effectiveness of efforts to combat money laundering and prevent the financing of terrorist activities. The decision was made during a meeting of the Anti-Money Laundering Directive Committee.

The task force will be chaired by the Coordinator of the National Coordination Committee, as per the decision. Its members include the Secretary of the Commission for the Investigation of Abuse of Authority, a Deputy Attorney General from the Office of the Attorney General, a Deputy Governor of Nepal Rastra Bank, a Joint Secretary from the Ministry of Finance, the Director General of the Department of Money Laundering Investigation, and the Head of the Financial Information Unit. A Director from Nepal Rastra Bank will serve as the Member Secretary of the task force.

The task force will also focus on ensuring necessary coordination among relevant entities involved in combating money laundering and preventing terrorist financing. This initiative is expected to strengthen inter-agency cooperation and streamline efforts to address financial crimes effectively.