KATHMANDU, July 24: The Department of Money Laundering Investigation filed seven prosecution cases in the fiscal year 2025 to 26, seeking around Rs 118.05 billion in damages.
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According to details released by the department on Thursday, a total of 121 individuals have been named as defendants in the cases.
The department said all reports related to money laundering and terrorist financing are first reviewed by a screening committee. If preliminary investigation is deemed necessary, an investigating officer is assigned and the legal process begins.
To carry out investigations and prosecutions, the department operates four investigation divisions, along with legal and advisory, administration and planning, investigation coordination, and police units.
The department investigates money laundering and asset laundering offences linked to revenue leakage, customs, excise duties, and trade related crimes. It said it has stepped up research, investigations, and enforcement efforts against money laundering in recent months.
