Embassy in Israel Requests No Informal Remittances

Kathmandu. The Nepali Embassy in Israel has requested that no one in Israel and Cyprus conduct or facilitate informal remittance business or transactions.

The embassy there issued a notice today requesting that anyone conducting or facilitating informal remittance business or transactions in Israel and Cyprus provide details of such individuals to the embassy.

The notice states, "In accordance with the provision of sending secret information about those who have conducted or facilitated informal remittance business or transactions (Hundi) abroad or have not sent collected amounts to Nepal for the prevention of money laundering and terrorist financing through electronic means to the Ministry of Finance or relevant bodies via the Ministry of Foreign Affairs, the Embassy has been publishing notices requesting information related to this to be provided to the Embassy."

The embassy stated that as per point no. 45 of the 100 agendas related to governance reform approved by the Government of Nepal (Council of Ministers) on Chaitra 13, 2082, an integrated digital asset registration system will be established, a risk-based indicator system will be implemented, and investigation processes will be advanced through relevant bodies by automatically identifying suspicious transactions.