Kathmandu, April 9 -- Amid criticism that the government has not taken any concrete steps to remove Nepal from the Financial Action Task Force (FATF) grey list, on which the country has been placed for the second time, the government has now started groundwork to get the country off the list.
A meeting of FATF on February 17 to 21 in Paris had decided to place Nepal in the grey list after failing to meet several obligations.
During a meeting of the Anti Money Laundering Prevention Directorate Committee on Tuesday, a decision was made to finalize and implement the action plan to remove Nepal from the grey list, according to a statement issued by the Ministry of Finance. Earlier, Nepal was on the FATF grey list from 2008 to 2014. The coun...
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