Role and Functions of FIU in AML/CFT Regime with Reference to Nepal

10 Pages Posted: 19 Mar 2015 Last revised: 26 Mar 2020

Date Written: March 12, 2013

Abstract

FIU is one of the national institutions established to combat money laundering, terrorism financing, and other financial offense. Its main functioning is to collect, analyze and disseminate the information derived in accordance with the law. If there is the presence of regulatory authority, those authorities have to analyze the information. In the absence of it, FIU has to be active. Nevertheless, the function, power, and responsibility vary from FIU type. Ultimately, every kind of FIU has the duty and responsibility of information analysis and recommendation to concerned authority to make necessary actions.

Keywords: Financial inteligence unit, money laundering, terrorism financing, regulatory authority

Suggested Citation

Acharya, Suman, Role and Functions of FIU in AML/CFT Regime with Reference to Nepal (March 12, 2013). Available at SSRN: https://ssrn.com/abstract=2577162 or http://dx.doi.org/10.2139/ssrn.2577162

Suman Acharya (Contact Author)

Nepal Rastra Bank ( email )

Nepal

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