A STUDY ON THE THREATS OF FINANCIAL CRIMES IN NEPAL

Nepal faces a complex array of financial crimes, including money laundering, terrorist financing, corruption, cybercrime, and fraud, exacerbated by cross-border vulnerabilities and regulatory weaknesses. To effectively address these challenges, a multifaceted and adaptive approach is essential. This includes strengthening regulatory frameworks to bolster the financial system, implementing robust policies, and enhancing cyber security measures to protect against digital threats. Improved international collaboration is crucial, as financial crimes often cross national boundaries; thus, sharing information, coordinating investigations, and harmonizing regulatory practices globally can enhance countermeasures. Public awareness is also vital, as educating citizens about risks and preventive measures empowers them to contribute to the fight against financial crimes and acts as a deterrent. Continuous research and vigilance are necessary to stay ahead of evolving threats, requiring collaboration among government agencies, financial institutions, and research bodies to gather intelligence and develop effective strategies.