Bill on Money Laundering Prevention to Advance Thru Fast-Track

The government is working to advance the bill designed to make amendments to the Money Laundering Prevention Act.

A meeting of the national review council relating to money laundering held at the Ministry of Finance on Tuesday decided to forward the bill designed to amend some acts relating to money laundering control and promotion of the professional environment through fast track.

During the meeting, Deputy Prime Minister and Minister for Finance Bishnu Prasad Poudel said the draft of the bill would be tabled before the council of ministers and would be sent to the Federal Parliament through a fast-track process.

On the occasion, Poudel said that the provisions of money laundering prevention would be considered adding that the government would not let the country’s image downgrade at the international level.

Minister for Law, Justice, and Parliamentary Affairs Dhruba Bahadur Pradhan, chief secretary Shanker Das Bairagi, governor of Nepal Rastra Bank Maha Prasad Adhikari, and secretaries of different ministries were present at the meeting.