April 19 2017
The number of suspicious transaction reports (STRs) by various bank and financial institutions, insurance companies and securities companies, among other entities that deals with cash transactions, more than tripled in the last fiscal year. According to the annual report of the Financial Information Unit (FIU) under the Nepal Rastra Bank (NRB) for Fiscal Year 2015/16, the unit received altogether 1,588 reports of suspicious transactions in last fiscal year, up from 517 reports of similar nature of transactions in FY2014/15.