Section 2
Definition
Unless the subject or context otherwise requires, in this Act,-
(a) “Investigation Officer” means a personnel appointed or designated as per persuant to Section 15.
(b) “Offence” means the offence prescribed under chapter-2.
(c) “Transactions” means any act or agreement made in order to carry out any economic or business activities and the term also includes the transactions
purchase, sale, distribution, transfer or investment and possession of any assets.
(c) “Non-Financial Institution” means the following institutions:-
(1) Any firm or company registered as per prevailing laws to carry out any trade or business including casino, precious metals or other than
those firm, company or institution as prescribed in Clause (h)
(2) Any institution whether or not organized or registered as per the laws,
(3) Any institution prescribed by Nepal Government by publishing notice in the Nepal Gazette.
(d) “Prescribed or as prescribed” means prescribed or as prescribed in this Act or rules framed under therein.
(e) “Department” means the Asset Laundering Investigation Department pursuant to Section 11.
(f) “Bank” means a bank licensed by Rastra Bank for carrying out ‘A’ class financial transactions under the prevailing bank and financial institution law.
(g) “Financial Institution” means financial institution licensed by Rastra Bank for carrying out ‘B’, ‘C’, and ‘D’ class financial transactions under the prevailing
bank and financial institution law and the term also denotes the cooperatives, person, firm, company or institution holding license to purchase and sale of
foreign currency or any other transactions, company holding license for insurance business, insurance broker and also securities market or
business as per prevailing laws.
(h) “Financial Information Unit” means the Financial Information Unit constituted pursuant to Section 9.
(i) “Rastra Bank” means Nepal Rastra Bank established under the prevailing Nepal Rastra Bank law.
(j) “Public Servant” means any individual supposed to be public servant as per prevailing laws.
(k) “Doubtful Transactions” means transactions appearing improbable economically, commercially or by business in general situation.
(l) “Assets” means all kinds of moveable, immovable, tangible or intangible properties.
(m) “Government Office” means the Land Revenue Office, Office of the Company Registrar and the term also denotes entity prescribed by the
Government of Nepal by publishing notice in the Nepal Gazette.
(a) “Investigation Officer” means a personnel appointed or designated as per persuant to Section 15.
(b) “Offence” means the offence prescribed under chapter-2.
(c) “Transactions” means any act or agreement made in order to carry out any economic or business activities and the term also includes the transactions
purchase, sale, distribution, transfer or investment and possession of any assets.
(c) “Non-Financial Institution” means the following institutions:-
(1) Any firm or company registered as per prevailing laws to carry out any trade or business including casino, precious metals or other than
those firm, company or institution as prescribed in Clause (h)
(2) Any institution whether or not organized or registered as per the laws,
(3) Any institution prescribed by Nepal Government by publishing notice in the Nepal Gazette.
(d) “Prescribed or as prescribed” means prescribed or as prescribed in this Act or rules framed under therein.
(e) “Department” means the Asset Laundering Investigation Department pursuant to Section 11.
(f) “Bank” means a bank licensed by Rastra Bank for carrying out ‘A’ class financial transactions under the prevailing bank and financial institution law.
(g) “Financial Institution” means financial institution licensed by Rastra Bank for carrying out ‘B’, ‘C’, and ‘D’ class financial transactions under the prevailing
bank and financial institution law and the term also denotes the cooperatives, person, firm, company or institution holding license to purchase and sale of
foreign currency or any other transactions, company holding license for insurance business, insurance broker and also securities market or
business as per prevailing laws.
(h) “Financial Information Unit” means the Financial Information Unit constituted pursuant to Section 9.
(i) “Rastra Bank” means Nepal Rastra Bank established under the prevailing Nepal Rastra Bank law.
(j) “Public Servant” means any individual supposed to be public servant as per prevailing laws.
(k) “Doubtful Transactions” means transactions appearing improbable economically, commercially or by business in general situation.
(l) “Assets” means all kinds of moveable, immovable, tangible or intangible properties.
(m) “Government Office” means the Land Revenue Office, Office of the Company Registrar and the term also denotes entity prescribed by the
Government of Nepal by publishing notice in the Nepal Gazette.