Suspicious transactions increased in Insurance and Banking systems; suspicion of money laundering of 36 Billion Rupees  

Kathmandu : In the last fiscal year, it is suspected that assets worth 36 billion 362.1 million Rupees have been laundered from insurance and banks as well as financial institutions.

The Financial Information Unit under Central Bank of Nepal released the study report on money laundering for the last financial year 2079/80 B.S 2022/23 and informed the report unit about suspicion of money laundering worth 36.36 billion rupees.

According to the report, the Financial Information Unit have informed that they suspected more than 35 billion 578 million 750 thousand Rupees assets have been laundered by commercial banks.

Similarly, Development Bank have laundered 161.77 million Rupees, Finance Company has 226.4 million Rupees, Life Insurance Companies have 43.92 Million Rupees, Payment Service Provider have 13000, Remittance Company 88.11 Million Rupees and Stock Broker Company has laundered 262.9 Million Rupees. The Financial Information Unit has been informed on the suspicion that assets worth Millions of rupees have been laundered.