Money Laundering Prevention Committee

The committee is responsible to establish framework and guidelines related to Anti-Money Laundering and Combating Financing of Terrorism in line with acts, rules and directives set by Nepal Rastra Bank. The committee shall ensure efficient operation of systems and prevent NIFRA’s channels, products and services from being used for money laundering related activities. It shall also assist law enforcement agencies to track and investigate money launderers, as necessary. 

In addition to this, the committee shall develop a separate Anti Money Laundering guidelines/ norms for the employees of NIFRA and have an oversight on its implementation.

This committee is coordinated by Director Nominated by MOF.