KATHMANDU, July 25: The Department of Money Laundering Investigation (DoMLI) prosecuted cases seeking to recover a total of Rs 118.05 billion in the Fiscal Year (FY) 2025/26.
According to its annual report, the DoMLI sought to recover the amount out of the seven cases that it prosecuted in the last FY. The DoMLI had recommended cases against 121 defendants.
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After receiving information regarding money laundering and terrorist financing, the DoMLI takes the issues to its screening committee for discussion. If the committee deems a preliminary investigation necessary, an investigation officer is appointed and the legal process is taken forward.
Four investigation branches are currently active in the DoMLI to systematize the investigation and prosecution work. In addition, the Legal and Advisory Unit, Administration and Planning Branch, Investigation Coordination Branch and Police Branch also play coordinating roles in this process.
The DoMLI has been conducting investigations, focusing specifically on revenue leakage, customs fraud, excise duty evasion, and money laundering and asset laundering related to foreign trade. Recently, it has launched its aggressive campaign against cases of money laundering that include financial crimes.
