Finance Minister Rameshwor Khanal has said that the assets of those involved in money laundering crimes should be confiscated immediately. He said this at a program organized by the Money Laundering Department.

Finance Minister Khanal made this statement in the backdrop of representatives of international organizations FATF (Financial Action Task Force) and APG (Asia Pacific Group) expressing concern over Nepal's progress. He said that Nepal's progress on money laundering is still weak, making it difficult to come out of the gray list. Khanal said, "We have prosecuted someone for the crime of money laundering. If there is a financial crime linked to money laundering, the assets generated from both crimes should be immediately confiscated and the nation should accept them. The government should sell such assets. Our progress on this issue is weak."

Finance Minister Khanal said that progress can only be made if the details of the government's actions on money laundering are documented and evidence is provided, and the government must take action against those who commit the crime of money laundering. He said that all agencies should be vigilant in effectively implementing the reform measures given to remove Nepal from the FATF's gray list. At the event, Nepal Rastra Bank Deputy Governor Bam Bahadur Mishra said that the risk of money laundering in the banking sector is increasing rapidly and will have a significant impact on the economy. He said that the third national assessment on money laundering has begun, and said, "If the risks can be identified and assessed realistically, it will strengthen our system."