Nepal ratifies UN convention against money laundering
From Shirish B Pradhan
Kathmandu, Jun 25 (PTI) 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.
Expressing serious concern over the ongoing protests in Andhra Pradesh, following the nod for the creation of a separate Telangana State, the Communist Party of India (CPI) leader D Raja said that the Centre must address the genuine concerns of the people and assure them that their interests will be duly protected.
Date 13 hrs ago, Duration 2:11, Views 130