July 21, 2023 08:30 am
Stakeholders are concerned that Nepal could be blacklisted or placed on a greylist (a jurisdiction under increased monitoring) by the Financial Action Task Force (FATF), a global initiative to combat money laundering because of its failure to resolve several inadequacies in its laws against money laundering and terrorism financing.
July 20, 2023 08:30 am
KATHMANDU, July 20: Nepal has narrowly avoided being placed on the 'greylist' by the Financial Action Task Force (FATF), an international watchdog responsible for combating money laundering in countries across the world.