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Nepal has been included in the negative list (grey list) of the Financial Action Task Force (FATF), an international organization that monitors money laundering.
Nepal has been included in the negative list due to the lack of expected improvements in law enforcement, investigation and prosecution of financial crimes.
The Second General Assembly of FATF held in Paris, France on Friday decided to put Nepal in the list. At a press conference held on Friday evening after the General Assembly, FATF President Elisa de Anda Madrazo informed that Nepal has been placed on the "grey list" for the next two years.
Along with Nepal, Laos is also included in the 'Grey List' list, while the Philippines has been removed from the list after two years. "This General Assembly has added the People's Democratic Republic of Laos and Nepal to the list of jurisdictions subject to more surveillance," she said. Accordingly, it will be decided how much time will be under surveillance.'
This Mahasabha which started on 5 (17 February 2025) has ended on Friday . On behalf of Nepal, Secretary of the Prime Minister's Office Phaninder Gautam and Director of Nepal Rastra Bank Hari Nepal, Head of Financial Intelligence Unit (FIU) Vasudev Bhattarai are participating in the meeting. Nepal has got two years time . Improvements can be made as quickly as possible in the areas specified in the
action plan, as quickly as possible from the list. Otherwise, FATF said that it will go under more intensive surveillance.
