Kathmandu. An agreement has been signed between Datum Systems Pvt. Ltd. and Infode Developers Pvt. Ltd. to make the trustmail system available to the cooperatives to prevent the customers from investing in property laundering and terrorist activities.

 An agreement has been reached between Infode Developers Pvt. Ltd., a leading provider of banking software in cooperatives, to provide mutual assistance. The MoU was signed by Girish Dahal, Chief Executive Officer of Datum Systems Private Limited and Umesh Raghubanshi, Chief Executive Officer of Infode Developers Private Limited. From this understanding, the cooperatives can easily identify the customer as per the Money Laundering Prevention Act, 2064 and the instructions given by the Department of Cooperatives from time to time, keep records and determine the risk based on the details obtained while identifying the customer.

The software will be able to determine the risk based on the client's occupation, location, nature of business, service provided by the bank and delivery channel. If the customer appears to be a risky or high-ranking person or a family member and related person of such person, or if the customer's actions are seen to be suspicious, they will be able to continuously monitor and monitor the customer, real rich person or business. The cooperation of the banking software development organization and the software development organization working to prevent asset laundering will help the cooperatives scattered in Nepal to reach the national goal of anti-money laundering and mutual evaluation by 2021 after it becomes available cheaply and easily.