FATF review: Nepal is still on the "grey list" in the case of money laundering
-
Media Baaji
- Sat, 25 October 2025
Kathmandu. The Financial Action Task Force-FATF, an international body that monitors money laundering cases, has stated that Nepal is still on the watch list, i.e. the 'grey list'. According to the statement released after the fourth full meeting of FATF that was held on Friday, Nepal has continued its reform efforts but it is still insufficient and further reforms are needed.
In February 2025, Nepal made a high-level political commitment to strengthen the effectiveness of its anti-money laundering system with the FATF and the Asia Pacific Group APG. Even though some steps have been taken to improve it, FATF has pointed out the need for Nepal to start strategic improvement efforts and make a clear action plan and implement it.
Similarly, the FATF has also mentioned that there is a need for a clear understanding of the risks of investing in money laundering and terrorist activities. It has suggested that commercial banks, cooperatives, casinos, jewelery shops, real estate transactions and other areas should be inspected based on risk and improvement measures should be taken, illegal transactions such as hundi should be identified and prevented, the capacity of the agency to look after money laundering cases should be enhanced and its investigation and prosecution process should be streamlined.
Express
Related News
The process of bringing the body to Nepal is starting to Nepal
The process of bringing Nepali students Bipin Joshi has started in the past two years.
A representative of the Nepali Embassy today issued mor...
Preparing to finalize the agreement between the government and the protestors
Kathmandu. Prime Minister Sushila Karki discussed with the leading representatives of Gen-G movement today. The issue of finalizing the draft agreement between the government and the protestors was discussed. Genji rep...
The passport department will remain open even on holidays
Kathmandu. The passport department will continue its services even on public holidays. Through a public notice, the department has announced that although today and tomorrow are public holidays, the department will remain open for work such as pas...
Joshi entered the Guinness Book of Records by running on Daura Surwal
Kathmandu. Bal Joshi, an American runner of Nepali origin, has written his name in the Guinness book after completing the 'World Marathon Challenge' in Daura Surwal. Joshi has written his name in the Guinness book by running in Daura Suruwal in se...
Supreme Court's interim order to stop all work of the Assets Investigation Commission
Kathmandu. The Supreme Court has issued an interim order to immediately stop all activities of the Property Investigation Commission. A single bench of Judge Nripadhwaj Niraula has ordered to stop all the work of the Commission.
Earlier last...
Declaration of unity among NRNAs
Kathmandu. An agreement on unity has been signed between the non-residential Nepali association NRN. In the presence of Prime Minister Sushila Karki, Mahesh Shrestha and Dr. Badri KC signed the letter of agreemen...