Nepal Rastra Bank (NRB) has written to the commercial banks to provide the details of more than 700,000 cash transactions within six days.
In a letter to Roshan Kumar Sigdel, Director of Supervision Department of Nepal Rastra Bank addressed to the executive officers of Class A banks received by KhabarHub on January 3, it has been requested to provide full details by January 8 for an investigation into money laundering and prevention of financial investment in terrorist activities.
As per the details of the transactions requested by Nepal Rastra Bank with all Class A banks, these banks will now have to provide transaction details in a format including serial number, account holder name, account number, transaction amount, the status of debit-credit, transaction dates, CBS information, conductor details and minutes among others.
