Wednesday, July 22, 2009

NRB, SLCB Ink Deal

The financial information units of Nepal Rastra Bank (NRB) and Sri Lankan Central Bank (SLCB) have signed a Memorandum of Understanding (MoU).

The MOU was signed by the head of NRB's financial information unit Dharmaraj Sapkota and H A Karunaratne, head of financial information unit of Sri Lankan Central Bank during the 12th annual meeting of Asia Pacific Group on Money Laundering (of which Nepal is a member) in Australia at July 9. NRB established the financial information unit in accordance with the AntiMoney Laundering Act 2064 to prevent money laundering and pro-terrorist activities such as earning black money and investing it in terrorist activities. In this context, the financial information unit of NRB has also disseminated information related to money laundering, papers and details related to this matter in order to facilitate and support investigation processes and enhance investigation regarding money laundering in the country. Apart from this NRB, also receives such information from other countries in accordance with the provisions of the MoU signed between the two countries.

NRB is hopeful that the MoU will not only put an stop to money laundering and investment of money in terrorist activities but also help in sharing related information.

NRB is also hopeful of getting the membership of Egmont Group.

No comments: