Nepal, June 25 -- The Department of Money Laundering Investigation (DoMLI) and the Central Investigation Bureau (CIB) of Nepal Police have stepped up efforts to investigate brokerage firms with an average daily turnover of more than Rs 300 million.

According to an official at the Securities Board of Nepal (SEBON), the two government investigative agencies have also asked SEBON for details of large investors who trade shares through the specified brokerage firms.

Recently, the Financial Action Task Force (FATF) decided to keep Nepal on its grey list for an additional six months. Amid growing pressure to implement corrective measures and prevent the country from remaining on the grey list, the government has initiated this move through i...