Kathmandu. Insurance companies are suspected of laundering money worth over Rs 52.3 million.
The study report on money laundering for the financial year 2080.81 released by the Nepal Rastra Bank has shown this. According to the report prepared by the central bank’s Financial Information Unit, in that year, insurance companies have reported to the Rastra Bank that money laundering worth Rs 52.3 million 60 thousand was done through 62 suspicious transactions.
During the review year, various agencies have reported to the Rastra Bank that money laundering worth Rs 23.26 billion 22 million was done through a total of 7,338 suspicious transactions. In the previous year, those agencies had suspected money laundering worth Rs 36.36 billion 21 million through 5,935 suspicious transactions. The amount of suspected money laundering has decreased by 36 percent in the review year compared to the previous year.
Commercial banks have reported the highest number of suspected money laundering cases in the review year. The National Bank’s report states that more than Rs 21.54 billion has been laundered through 6,181 suspicious transactions from commercial banks.
Similarly, Bikash Bank has reported Rs 681.7 million from 491 suspicious transactions and PSP/PSO has reported Rs 631.7 million from 181 suspicious transactions.
Similarly, the National Bank has reported that there has been suspicion of money laundering of Rs 301 million from stock brokerage companies, Rs 83.9 million from remittance companies, and Rs 33.4 million from cooperatives.
Similarly The report states that information has been received that money laundering worth Rs 5.55 million has been received from casinos, government agencies and others and Rs 3.35 million from microfinance institutions.
The NRB has stated that most of the suspicious transaction and activity reports received in this way are related to tax evasion, monetary, banking, foreign exchange, insurance cooperatives, lottery, gambling, betting and related offenses.
