Section 7X: National Coordination Committee

1)  There shall be a National Coordination Committee constituted as follows to coordinate inter-related entities and to provide necessary suggestions to the Government of Nepal with regard to
the prevention of money laundering and terrorist financing and predicate offences:

2) The Coordinating Committee may, as required, invite the office bearers or experts of the concerned bodies to the meeting.

3) The committee itself shall determine the procedures for the meeting of the Coordinate Committee.

4) The National Coordination Committee shall have the following function, duty and power:

(a) To prepare a policy for the prevention of offences of Money Laundering or  Terrorist Financing in the creation and expansion of weapons of mass destruction terrorist acts and submit the policy to the Board of Directors,

(b) Submitting an integrated report to the Board of Directors, including a regional and national risk assessment,

(c) To make the relevant body or institution to implement the plan of action and guidance on the basis of risk assessment and to monitor whether such plan of action is implemented effectively or not,

(d) To give suggestions or directions as may be necessary to maintain functional coordination between the bodies concerned,

(e) To issue necessary guidance regarding the protection, confidentiality and use of the details or information to be kept in accordance with this Act,

(f) To make recommendations to the relevant bodies for carrying out the necessary study, investigation, conduct or control in relation to the prevention of financial crimes, and

(g) To carry out any other work relating to coordination.