KATHMANDU, March 22: A case of money laundering has been filed against four individuals who were arrested on charges of hundi business. The Department of Money Laundering Investigation filed a case against four individuals in the Special Court on Wednesday.

KATHMANDU, Feb 28: Minister for Law, Justice and Parliamentary Affairs Dhanraj Gurung told lawmakers on Tuesday that a bill to amend some laws relating to the Prevention of Money Laundering and Business Environment promotion has been presented in the parliament for checking illicit transactions.

KATHMANDU, Jan 4: The Supreme Court (SC) has directed Ichchha Raj Tamang, a former member of the Constituent Assembly and the founder of Civil Savings and Credit Cooperative Society Limited, to request a report regarding the possibility of contesting his case without being detained.

KATHMANDU, Jan 1: The Special Court has convicted two individuals of money laundering. The Special Court decided that Pramod Kumar Jaiswal is guilty of illegal money laundering and will be imprisoned for eight years along with a fine of Rs 830 million.

Stakeholders are concerned that Nepal could be blacklisted or placed on a greylist (a jurisdiction under increased monitoring) by the Financial Action Task Force (FATF), a global initiative to combat money laundering because of its failure to resolve several inadequacies in its laws against money laundering and terrorism financing.

KATHMANDU, July 20: Nepal has narrowly avoided being placed on the 'greylist' by the Financial Action Task Force (FATF), an international watchdog responsible for combating money laundering in countries across the world.

The recent news about the Financial Action Task Force (FATF) being skeptical of Nepal's efforts on preventing money laundering should raise serious concerns for the government and its citizens.

KATHMANDU, April 30: The snail pace development in enforcing laws necessary to prevent money laundering has taken Nepal to a risk of landing into a gray zone of the Financial Action Task Force (FATF).

KATHMANDU, Feb 9: Nepal Rastra Bank (NRB) has slapped a cash penalty against four commercial banks for breaching the laws related to money laundering.

KATHMANDU, Feb 1: It has been decided that the bill to amend some laws related to money laundering will be moved forward on a fast track basis.

KATHMANDU, August 31: The government is considering increasing vigilance on the transactions of land and housing, suspecting the possibility of money laundering in such transactions.

KATHMANDU, April 5: The Department of Money Laundering Investigation (DoMLI) registered 95 complaints against individuals involved in money laundering in the first eight months of the current fiscal year.

KATHMANDU, Feb 28: The Special Court on Thursday convicted former minister Sanjay Sah alias Takla of corruption as well as money laundering. Sah is currently serving a life term in Nakkhu prison for ‘masterminding’ bombing in Janakpur a few years ago.

KATHMANDU, Feb 17: Nepal's cooperative sector that has remained largely unregulated faces the risk of being used for money laundering, an official of Department of Money Laundering Investigation (DoMLI) said on Sunday.

BIRGUNJ, Nov 19: The Department of Money Laundering Investigation raided National Medical College (NMC) in Birgunj Metropolitan City-15 on Sunday.

SARLAHI, Sept 3: Police in Sarlahi district are probing Shyam Krishna Kalawar for alleged involvement in money laundering also. He is already under investigation for duping hundreds of impoverished locals with faked loan documents.

KATHMANDU, Aug 9: The Supreme Court on Thursday sought the investigation report from the Department of Money Laundering (DoML) in relation to Rs 4 billion brought into the country in 2010 by controversial businessman Ajeya Raj Sumargi from Cyprus.

KUALA LUMPUR, July 4: Malaysia’s anti-graft agency said Thursday it has detained Riza Aziz, the stepson of former Prime Minister Najib Razak and a Hollywood film producer, and will charge him with money laundering.

ISLAMABAD, June 10: Former Pakistani president Asif Ali Zardari has been arrested by the anti-graft bureau on Monday in the fake bank accounts case.

KATHMANDU, Jan 19: Finance Minister Yuba Raj Khatiwada on Friday held an internal meeting concerning the money laundering exposed by Nepal Leaks. The minister had a meeting with officials of all government units involved in money-laundering investigations, in the wake of the Nepal Leaks disclosure about 55 Nepalis stashing ill-gotten money in different offshore companies and foreign banks. Most of them have also brought the money into Nepal as foreign direct investment.

KATHMANDU, Jan 5: The government has designated regulating agencies to prevent money laundering in gold, silver and expensive jewelry trading, real estate, casinos, companies, auditing firms, and retirement funds managed by private companies. These sectors are believed to be havens of massive money laundering activities.

KATHMANDU, Nov 28: The Commission for Investigation of Abuse of Authority (CIAA) and the Department of Money Laundering Investigation have signed a memorandum of understanding to effectively implement the laws to curb money laundering and corruption.

KUALA LUMPUR, Oct 19: Malaysia’s former deputy prime minister has been charged with abuse of power, corruption and money laundering involving millions of dollars in another graft investigation against the leaders ousted in shock election results earlier this year.

KUALA LUMPUR, Oct 4: The detained wife of former Malaysian Prime Minister Najjib Razak was brought to court Thursday to face money laundering charges in a graft scandal involving the 1MDB state investment fund.