A cabinet meeting held in Singha Durbar Thursday also decided to forward the two ordinances to the Office of the President for approval keeping in view the deadline set by the Financial Action Task Force (FATF), the global anti-money laundering body. The FATF has given a deadline of June 2013 for introducing the Acts. It has also warned that failure to do so within the deadline may risk Nepal being blacklisted. [break]
Both the bills introduced by then Baburam Bhattarai-led government had failed to get endorsed in erstwhile parliament due to protests by Mohan Baidya-led faction of the UCPN (Maoist) and the United Democratic Madhesi Front (UDMF).
As Nepal risks being blacklisted over money laundering issues, the government of Nepal had formed a separate Department of Anti-money Laundering some two years ago.
According to Minister for Information and Communications Madhav Prasad Poudel, who is also the government´s spokesperson, the meeting also decided to appoint Dr Dandapani Poudel as the general manager of Deposit Insurance and Credit Guarantee Corporation (DICGC). Poudel was one of the candidates recommended by the Public Enterprises Board for the post.
Likewise, the meeting approved the decision to send a delegation under education minister to an international conference of education ministers of Asia and Pacific region to be held in South Korea, said Minister Poudel.
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