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Nepal Rastra Bank Governor Mahaprasad Adhikari has said that there is a possibility that Nepal may be listed as a risky country and go under international monitoring in the matter of money laundering.
Speaking at a program organized on the occasion of the First National Anti-Money Laundering Day, 2081 on Monday, the governor officer said that the Asia Pacific Group (APG) of the Financial Action Task Force, a monitoring body in the matter of money laundering, said that Nepal is going to be a risky country (grey list).
Nepal's efforts in economic crime control are classified as high, good, medium and low by APG, he says, there is a possibility that Nepal will be on the gray list. He said that on the basis that the international standards determined by FATF with the aim of preventing illegal activities of money laundering are not met, the APG will take it to the blacklist of money laundering. He said that in the assessment conducted by FATF from February 17 to 21, a decision will be made to place/not to place in the gray list after looking at all the reports of Nepal.
The Governor's official says that in the recent days, digital transactions are increasing, and the process of taking their assets to Crypto has also increased. He said that such risks need to be solved in a new way around the world. He also said that cryptocurrency is also being monitored in Nepal as a risk.
Mentioning that everyone should work together to get out of the risk of Nepal listing, he said, 'We are at the stage of listing. In the assessment conducted by FATF from February 17 to 21, the status of the listing stage will be known by looking at all the reports of Nepal. Even if it is included in the list, many foundations have been built for us to come out. Laws are all made. The regulations have arrived. We, the stakeholders, have to implement it effectively. It is necessary to find out the places of risk and work to minimize the risk. When we all work together, we will leave soon.'
