Kathmandu, November 28
A memorandum of understanding was signed between the Commission for the Investigation of Abuse of Authority and the Department of Money Laundering Investigation to enhance mutual cooperation against corruption, laundering of money derived from serious or organised crimes and corruption, and terror financing.
Joint Secretary Rameshwor Dangal at the CIAA and Director General Jiwan Prakash Sitaula singed the MoU on behalf of their respective agencies amid a function organised here today. As per the MoU, the CIAA and DMLI will focus on information sharing and analysis, and investigate into offences of corruption, money laundering and terror financing to bring to book the guilty under the law.
They observed that the network of corruption was getting wider with each passing days and underscored the need to dismantle it to fulfil the international obligation to discourage, money laundering, terror financing and corruption.
A press release issued by the CIAA stated that any information which is received by the CIAA or DMLI but that falls under the jurisdiction of any of them would be forwarded to the concerned agency for investigation. The DMLI will forward information related to corruption to the CIAA, while the anti-graft body will provide information about money laundering and terror financing to the DMLI during investigation in their respective areas.
Similarly, the CIAA and DMLI have agreed to coordinate with each other while investigating complaints of serious crimes by identifying the risk of money laundering and terror financing. They have also reached understanding on conducting orientation and refreshment training, interaction, experience sharing, study and exposure visit of employees working in both the agencies, and exchanging knowledge, skill and experience regarding national and international laws and practices of control of corruption, money laundering and terror financing.
A version of this article appears in print on November 29, 2018 of The Himalayan Times.