Nepal ratifies UN conv against money laundering
Kathmandu: Nepal has escaped the possibility
of getting blacklisted by a global anti-money laundering
agency after its Parliament ratified two key UN Conventions to
check terror financing and the flow of `dirty money`.
The parliament yesterday ratified the two UN Conventions
with a simple majority as soon as Deputy Prime Minister and
Finance Minister Bharat Mohan Adhikari tabled the proposals.
With this move, Nepal has escaped the possibility of
being blacklisted by Financial Action Task Force (FATF), a
global body on anti-money laundering formed by G-20.
"The endorsement of the UN Convention on Suppression of
Terrorism Financing and UN Convention against Transnational
Organised Crime has helped Nepal to upgrade its international
status," Finance Secretary Krishna Hari Banskota said.
The endorsement of the conventions will also ease Nepal`s
business dealings and movement of Nepalis across the globe.
More from India
More from World
More from Sports
More from Entertaiment
- 24 dead after boat carrying 40 capsizes in river Ganga in Patna; many still missing
- My father wanted me to be a man of character: Navjot Singh Siddhu
- Dr Subhash Chandra Show: What characteristics define a true leader?
- Tourists flock to Manali as snowfall takes a short break
- Is Akhilesh Yadav overlooking Muslims as Mulayam Singh alleged?
- Abhishek Bachchan reveals the moment when Aishwarya Rai said 'yes' to him
- India vs England, 1st ODI: As it happened...
- India vs England, Pune ODI: MS Dhoni still the boss; convinces Virat Kohli with spot on DRS call — WATCH
- India vs England, 1st ODI: Ravichandran Aswhin steals the show with huge six — WATCH
- Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre