Identifier
Created
Classification
Origin
07KATHMANDU465
2007-03-02 10:48:00
CONFIDENTIAL
Embassy Kathmandu
Cable title:
NEPAL: TERRORIST FINANCE: USG CONCERN OVER ILLICIT
how-toVZCZCXRO3118 OO RUEHCI DE RUEHKT #0465 0611048 ZNY CCCCC ZZH O 021048Z MAR 07 FM AMEMBASSY KATHMANDU TO RUEHC/SECSTATE WASHDC IMMEDIATE 5147 INFO RUEHBJ/AMEMBASSY BEIJING PRIORITY 5453 RUEHLM/AMEMBASSY COLOMBO PRIORITY 5759 RUEHKA/AMEMBASSY DHAKA PRIORITY 0959 RUEHIL/AMEMBASSY ISLAMABAD PRIORITY 3769 RUEHLO/AMEMBASSY LONDON PRIORITY 5083 RUEHNE/AMEMBASSY NEW DELHI PRIORITY 1090 RUEHCI/AMCONSUL KOLKATA PRIORITY 3217 RUEKJCS/SECDEF WASHDC PRIORITY RUCNDT/USMISSION USUN NEW YORK PRIORITY 2459 RHEFDIA/DIA WASHDC PRIORITY RHMFISS/CDR USPACOM HONOLULU HI PRIORITY RUEAIIA/CIA WASHDC PRIORITY RHEHNSC/NSC WASHDC PRIORITY
C O N F I D E N T I A L KATHMANDU 000465
SIPDIS
SIPDIS
E.O. 12958: DECL: 03/02/2017
TAGS: PGOV EFIN ETTC KTFN PTER PREL NP
SUBJECT: NEPAL: TERRORIST FINANCE: USG CONCERN OVER ILLICIT
CASH COURIERS DELIVERED
REF: STATE 16120
Classified By: Ambassador James F. Moriarty. Reasons 1.4 (b/d).
Talking Points Delivered
------------------------
C O N F I D E N T I A L KATHMANDU 000465
SIPDIS
SIPDIS
E.O. 12958: DECL: 03/02/2017
TAGS: PGOV EFIN ETTC KTFN PTER PREL NP
SUBJECT: NEPAL: TERRORIST FINANCE: USG CONCERN OVER ILLICIT
CASH COURIERS DELIVERED
REF: STATE 16120
Classified By: Ambassador James F. Moriarty. Reasons 1.4 (b/d).
Talking Points Delivered
--------------
1. (C) Post delivered reftel talking points to Shanker
Bairagi, Under Secretary for Europe and the Americas in the
Ministry of Foreign Affairs, stressing concern over illicit
cash carriers given Nepal's substantial reliance on
non-traditional forms of money transfer. Bairagi said he
would share the points with his superiors at the earliest
possible moment.
Nepal Aware and Working on the Problem
--------------
2. (SBU) Partly in response to previous demarches by the USG,
Nepal has instituted a number of safeguards into the banking
system to protect against fraud or criminal activity. The
Financial Institutions Act of 2006 calls on all commercial
banks to carefully check their customers' business profiles
and the transaction for which foreign currency is being
transferred. Undeclared currency is a violation of Nepali
law, and customs officials regularly check arriving and
departing travelers at Kathmandu's international airport.
Due to the porous Indian border, Nepal also combats
fraudulent Indian currency and the smuggling of Indian
currency. Nepal's Rastra Bank has the authority to freeze
accounts and seize assets related to criminal investigations.
However, the Government of Nepal's (GON) ability to identify
and trace assets is hindered by the lack of a centralized and
computerized information sharing system.
MORIARTY
SIPDIS
SIPDIS
E.O. 12958: DECL: 03/02/2017
TAGS: PGOV EFIN ETTC KTFN PTER PREL NP
SUBJECT: NEPAL: TERRORIST FINANCE: USG CONCERN OVER ILLICIT
CASH COURIERS DELIVERED
REF: STATE 16120
Classified By: Ambassador James F. Moriarty. Reasons 1.4 (b/d).
Talking Points Delivered
--------------
1. (C) Post delivered reftel talking points to Shanker
Bairagi, Under Secretary for Europe and the Americas in the
Ministry of Foreign Affairs, stressing concern over illicit
cash carriers given Nepal's substantial reliance on
non-traditional forms of money transfer. Bairagi said he
would share the points with his superiors at the earliest
possible moment.
Nepal Aware and Working on the Problem
--------------
2. (SBU) Partly in response to previous demarches by the USG,
Nepal has instituted a number of safeguards into the banking
system to protect against fraud or criminal activity. The
Financial Institutions Act of 2006 calls on all commercial
banks to carefully check their customers' business profiles
and the transaction for which foreign currency is being
transferred. Undeclared currency is a violation of Nepali
law, and customs officials regularly check arriving and
departing travelers at Kathmandu's international airport.
Due to the porous Indian border, Nepal also combats
fraudulent Indian currency and the smuggling of Indian
currency. Nepal's Rastra Bank has the authority to freeze
accounts and seize assets related to criminal investigations.
However, the Government of Nepal's (GON) ability to identify
and trace assets is hindered by the lack of a centralized and
computerized information sharing system.
MORIARTY