Kathmandu. Such programs work to increase the awareness of stakeholders. That is why such programs are very important. Good governance and transparency are essential for us. We have made many laws that are legally required in various standards. And we have also been amending and revising these laws in between.
Looking at today’s times, our parliament, our government have made the laws sufficient. But this is a journey. Just because it has been made, does not mean that this law will be enough until tomorrow. It should be added to regularly. Similarly, what kind of structures are there, to use those laws? We have created areas such as financial transactions. Similarly, in terms of conducting research, we have specified that the relevant bodies will conduct research so that there will be a nationwide investigation.
We are continuing to do so. Despite this, there are many gaps. It is our duty to address those gaps. The first gap is that we conducted a national risk assessment in 2020. We need to see which sector has the most risk? We are taking that as a priority. Similarly, this risk is not always the same type of risk. Therefore, it is necessary to evaluate it.
Initially, and even now, cash transactions are more risky. That is why digital transactions are increasing day by day. But in digital too, there is a significant amount of fraud and new types of innovative technology advances, such as rapid access, have started to take their place. We see that we need to go in a new way to refresh it.
When we are doing something, it does not mean that we do not have any risks. Risks come in new forms. We, all stakeholders, have to try to prevent them. Similarly, in the context of action, this is also a suggestion of the criteria within it, that which person we have makes a lot of illegal earnings? Such action should be taken against him. As a result of that action, he should not just think about it tomorrow. It is believed that he should have a feeling that his descendants should not do such a thing for years. This means that even if such illegal activities are carried out in one place, it will have an impact all over the world.
That is why it is being closely monitored internationally. The Cooperation Group closely watches whether there is international coordination or not, whether these rules and regulations, these standards are being followed or not. And while it is investigating, how are we correcting our shortcomings and our evaluation reports. That is being watched.
If not, then there is also the matter of listing. There are different categories of that listing. Initially, some observations are given, and then there are processes like revision. We are now finished with the observation crate after the third evaluation. We are in the listing stage. There is a clearing house from February 17 to 21. That clearing house includes our report, post observation report, and the listing status. Even if we are listed step by step, we have a solid foundation to come out of it.
We have all the rules and regulations. We have already got the regulations. The regulations were made only on the 15th. That is why we, the stakeholders, have to implement them effectively. We have to carry out the National Assessment, identify the places where there are risks and work to eliminate those risks. I think all the stakeholders present here will work from their respective places and we will get out of it as soon as possible, even if the listing is done as soon as possible.
We should thank our leaders and all the leaders, and the plan for now is this effectiveness. For that, let everyone present here get that energy. We can come out of the grey list as soon as possible. Best wishes to everyone.
(Thoughts given by Governor Mahaprasad Adhikari on the National Day of Prevention of Asset Laundering)
प्रतिक्रिया दिनुहोस्