“The need for serious and immediate steps is also imperative given the weak monitoring capacity of the body overseeing the crime,” said Kshetry. Inaugurating a daylong symposium on ‘Money Laundering’, he even instructed the banks and financial institutions and also the non-financial institutions to strictly adhere to the law and contribute in controlling the financial crime.
Governor Kshetry said the central bank would soon strengthen its Financial Information cell (FIC), which keeps track of money flow in and out of the country. The symposium was organized with a view to sharing information on steps being taken in the country and outside agianst money laundering. More than 250 participants, including senior banking and financial institution officials, had attended the symposium.
On the occasion, Chief of FIC, Dharma Raj Sapkota, had informed the participants that the central bank has already drafted regulations on money laundering. ‘It is also very close to issuing fresh directives in this connection,” said Sapkota, urging banks and financial institutions to shoulder their responsibility actively.
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