Kathmandu, Sept 1: Chairman of the Security Board of Nepal
(SEBON) Dr. Rewat Bahadur Karki Thursday emphasized coordination among the
regulators and other stakeholders of the capital market to save it from being
used in money laundering activities.
Inaugurating an orientation programme on anti-money
laundering and terror financing organized for the officials of SEBON, Investors
Forum, CDS and Clearing Limited and Merchant Bankers Association, Dr. Karki
said that for the fair, sustained and credible development of the capital
market, there should be proper system to check the money laundering activities.
"As Nepal has become the member of Association of
National Numbering Agencies (ANNA) and International Organization of Securities
Commissions (IOSCO), there is a potential of developing the Nepalese capital
market at the international level. Therefore, the market should be more
transparent," he said.
Board's director Dr. Nava Raj Adhikari called for urgency of
creating legal framework to alleviate the money laundering and terror
financing.
Deputy director of the Nepal Rastra Bank Hari Nepal
The programme was focused on collecting true information and
details from the customers and investors, reporting suspicious transactions,
developing efficient system of reporting, finding the source of illegal
property and possible ways of money laundering.
It also discussed about the present and proposed legal
framework on anti-money laundering.
Participants said that if any transaction of same trading
below Rs. 1 million is repeatedly reported, it should be taken as the
suspicious activity.
No comments:
Post a Comment