Nepal establishes anti-money laundering body

KATHMANDU, Aug 6 (Xinhua): Nepali government has formally inaugurated the Department of Money Laundering Investigation, expressing commitment to control legalization of illegal money and check possible terrorist financing from the country. According to Saturday's Republica, so far, the government was overseeing financial crimes like these through the Department of Revenue Investigation. It was forced to set up a full-fledged department after the Asia Pacific Group of Financial Action Task Force that oversees money laundering issues tagged Nepal as the most vulnerable spot in South Asia.