Asset (Money) Laundering Prevention Rules

Nepal

(enacted in 2009)

The Asset (Money) Laundering Prevention Rules of 2009 provide guidelines for the prevention of money laundering in Nepal. The rules discuss the following:

  • Chapter 1 Preliminary: definitions;
  • Chapter 2 Threshold transaction and functions of the coordination and technical committee;
  • Chapter 3 Function, duties, and power of financial information unit;
  • Chapter 4 Obligation of the regulatory body, reporting institutions, and natural person;
  • Chapter 5 Complaint, inquiry, and investigation; and
  • Chapter 6 Miscellaneous.