A meeting of the directive committee on preventing money laundering and terror financing has decided to form a seven-member task force to enhance the effectiveness of related initiatives.

The task force will be led by the coordinator of the National Coordination Committee. Members will include the Secretary of the Commission for the Investigation of Abuse of Authority, the Deputy Attorney General from the Office of the Attorney General, the Deputy Governor of Nepal Rastra Bank, a Joint Secretary from the Ministry of Finance, the Director General of the Department of Money Laundering Investigation, and the Chief of the Financial Information Unit.

Additionally, a director from Nepal Rastra Bank will serve as the member secretary of the task force.

The task force has been mandated to ensure proper coordination among the concerned agencies engaged in efforts to prevent money laundering and the financing of terrorist activities.