Paris, Oct. 25 -- The Financial Action Task Force (FATF) kept Nepal and 17 other countries on its 'greylist' and reviewed their progress in addressing strategic deficiencies in combating money laundering, terrorist financing, and proliferation financing.

These countries were placed on the list due to strategic deficiencies in their financial systems and have 24 months to implement necessary legal, policy, and structural reforms.

The global watchdog against terror financing reviewed the progress made by Nepal, Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, Cote d'Ivoire, Democratic Republic of the Congo, Kenya, Lao PDR, Monaco, Mozambique, Namibia, Nigeria, South Africa, South Sudan, Syria, Venezuela and Vietnam.

The country must ad...