Kathmandu, Aug. 11 -- Authorities have stepped up regulation of the cooperative sector as part of what they call urgent measures to remove the country from the Financial Action Task Force (FATF) grey list for the second time.

The government has directed all cooperatives to submit their detailed reports under anti-money laundering laws.

It has sought details of cooperatives, citing the context of the FATF and the Asia/Pacific Group on Money Laundering's grey list.

The Ministry of Federal Affairs and General Administration has written to all local units across the country seeking detailed reports of the cooperatives operating within their areas. The Department of Cooperatives wants the information to monitor the cooperatives based on the...