Kathmandu: The financial information unit’s report for the year 2024 has shown an alarming rise in suspicious transactions related to money laundering and associated activities. The unit of Nepal Rastra Bank released the report today.
According to National News Agency Nepal, the number of reports on suspicious transactions and activities recorded under the Anti-Money Laundering Act, 2064, increased from 6,255 in 2023 to 9,304 in 2024, marking a 49 percent increase.
During the reporting period, a total of 1,894 reports were analyzed. Out of these, 1,086 were forwarded to the related agency for further investigation and necessary action. Additionally, the Nepal Rastra Bank has documented 808 cases for potential future analysis.
The firms listed with the Nepal Rastra Bank submitted approximately 1.7 million transaction details in 2023, which increased to 1.97 million in 2024.
The number of institutions involved in anti-money laundering activities also saw an upward trend, with 1,905 institutions in 2024 compared to 1,496 in 2023.