Chairman Dahal Calls on Insurance Companies to Prioritize Anti-Money Laundering Efforts

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged implementing officers of insurance companies to act responsibly to combat financial crimes.

He highlighted the establishment of a dedicated anti-money laundering branch within the Authority and directed insurance companies to set up similar branches for focused efforts in this area. Dahal assured that the Authority is prepared to provide technical support, including training, to strengthen companies’ anti-money laundering mechanisms.

The event was organized on the eve of ‘National Anti-Money Laundering Day,’ celebrated under the theme, “Transparency in Financial Activities, Commitment to Anti-Money Laundering.” The program featured a detailed presentation by Dr. Hari Kumar Nepal on the overall aspects of money laundering prevention. It was attended by Director Kamal Prasad Regmi, Deputy Director Padam Prasad Sodari, and representatives from life insurance, non-life insurance, microinsurance, and reinsurance companies.