Dharma Raj Sapkota of Nepal and HA Karunaratne of Sri Lanka signed the MoU on behalf of respective institutions on July 9 on the way to Australia to take part in the 12th annual meeting of Asia Pacific Group on Money Laundering.
The MoU was signed as a step of Nepal to garner international support and partnership for checking legalization of illegal money and transfer of money for funding criminal activities and terrorism. Nepal has already signed similar MoU with Bangladesh on October 21, 2008.
The agreement will help the two countries to share information and join hands in fighting money laundering, says a press release issued by the Nepal Rastra Bank on Friday. "The understanding will strengthen investigations and also support Nepal to acquire membership of Egmont Group," concludes the release.
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