Kathmandu, Aug. 17 -- Concerned over possible action, and even blacklisting, during the upcoming review by the Financial Action Task Force, the government has introduced a new strategy to combat terrorism financing and money laundering, which includes a few stringent provisions.

The Financial Action Task Force is an international inter-governmental organisation tasked with combating money laundering. As a member of the task force's Asia Pacific Group on Money Laundering, Nepal's progress in combating terrorism financing and money laundering will be up for review in 2020-21.

The government's new strategy-'National Strategy and Action Plan for Combating Money Laundering and Financing of Terrorism,'-allows for anyone accused of financial i...