परिवर्तनकारी शक्तिहरु को लागि 
Money earned from illegal sources is deposited in banks which later invested in share to make it white and ultimately that money used to strengthen illegal business. The vicious circle of money laundering has emerged to cheat revenue and wash black money to white.
The scale of money laundering in Nepal is unknown. Some are of the opinion that given the informal nature of the economy, predomination of cash transactions, open border with India, unstable political situation and rampant existence of predicate offenses like corruption, bribery, smuggling, human and drug trafficking, use of counterfeit currency, and of late, extortion, looting and arms trading all have combined to make Nepal a fertile ground for money laundering.
Live Example: We all know that there is shortage of Indian Currency in Nepali market and even in Bank too. People are going India day to day for many purposes. Such as for marketting, for treatment, for higher studies, etc. They handed Nepalese currency to Nepalese money launder and take Indian currency from Indian money launder.
If this is happening publicly then imagine about gold, drugs and other valuable smugling from India and abroad and in this how much black money invested or earned? Birgunj, Biratnagar, Nepalgunj and Kathmandu are the major cities where exchange business of money is running publicly.
Banks should follow certain customer identification procedure for opening of accounts and monitoring transactions to stop the money laundering process.
Administration should stop the exchange business of money which is running publicly.
And the most important thing, our government should make policy to bring black money home from abroad. There is no certain data to me to show how much black money is in abroad but it will certainly helps in our country development.
But for this our officers have to be brave and honest likes SP Ramesh Kharel and Minister Lalbabu Pandit.
Voice of #ekawaaj
The scale of money laundering in Nepal is unknown. Some are of the opinion that given the informal nature of the economy, predomination of cash transactions, open border with India, unstable political situation and rampant existence of predicate offenses like corruption, bribery, smuggling, human and drug trafficking, use of counterfeit currency, and of late, extortion, looting and arms trading all have combined to make Nepal a fertile ground for money laundering.
Live Example: We all know that there is shortage of Indian Currency in Nepali market and even in Bank too. People are going India day to day for many purposes. Such as for marketting, for treatment, for higher studies, etc. They handed Nepalese currency to Nepalese money launder and take Indian currency from Indian money launder.
If this is happening publicly then imagine about gold, drugs and other valuable smugling from India and abroad and in this how much black money invested or earned? Birgunj, Biratnagar, Nepalgunj and Kathmandu are the major cities where exchange business of money is running publicly.
Banks should follow certain customer identification procedure for opening of accounts and monitoring transactions to stop the money laundering process.
Administration should stop the exchange business of money which is running publicly.
And the most important thing, our government should make policy to bring black money home from abroad. There is no certain data to me to show how much black money is in abroad but it will certainly helps in our country development.
But for this our officers have to be brave and honest likes SP Ramesh Kharel and Minister Lalbabu Pandit.
Voice of #ekawaaj
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