TEL AVIV: The Nepali Embassy in Israel has urged Nepalis living in Israel and Cyprus not to engage in informal money transfer activities, or hundi.

In a notice issued Wednesday, the embassy asked the public to report anyone involved in such illegal transactions with evidence.

It said the move would help prevent money laundering and terrorist financing.

The embassy also noted that Nepal’s recently approved 100-point governance reform agenda includes digital systems to detect suspicious financial transactions automatically.