Money laundering is the illicit method of creating large sums of cash acquired via crook activities, inclusive of drug trafficking or terrorist financing, which seem to have come from a valid supply and make the black money look like clean money.

One of the most frequent means of money laundering in Nepal is the Hundi, which is a type of illicit underground banking system. People that transact through hundis have networks that span practically the entire globe. They use hundi instead of official financial institutions to transmit money. The growth in Nepalese citizens working abroad has created opportunities for those working in the hundi.

The widespread problem of money laundering in Nepal has prompted the…


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