Government of India has approved a ‘Capacity Development Program’ for the officials of Department of Money Laundering Investigation (DMLI) and other stakeholder Ministries in Government of Nepal to counter the challenges of money laundering and terrorist financing. DMLI is one of the pivotal investigative units in Nepal to check money laundering, terrorist financing and other forms of earnings from illicit or criminal activities. It is a regulatory body for the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime. The programs are aimed to strengthen institutional capacity development of concerned Departments in Government of Nepal.
The program is designed to cover the evolution of Prevention of Money Laundering (PMLA) Act, evaluation process by Financial Action Task Force (FATF), intelligence collection methodology, procedure for registering and investigation cases under PMLA, tracing proceeds of crime, terror financing, international co-operation and other relevant topics.
The first of its kind program is being conducted in three phases covering Experience Sharing and High Level Interaction for Senior Officials, Advance Course for Investigation Officers and Basic Course for junior staff. In all, 60 officials from Government of Nepal would participate in these courses to be held in New Delhi.
According to a press release of Indian Embassy,the participants from Government of Nepal include officials from Department of Money Laundering Investigation, Financial Information Unit of Nepal Rashtra Bank, Government Attorney Office, Finance Ministry, CIAA, Home Ministry, Central Investigation Bureau and other relevant Departments. During the program senior Indian officials from the Enforcement Directorate, FATF Cell and Ministry of Home Affairs would interact with the participants and share mutual experience. The first batch of 10 officers attended the first phase of the program regarding Experience Sharing and High Level Interaction in New Delhi from 21st to 25th July, 2014. The remaining two programs spread over six weeks are being conducted during the months of August and September, 2014.