Nepal, Jan. 28 -- According to the minister, initiatives to prevent money laundering do not impose additional economic burdens or unnecessary costs on the country. He said that the lower-than-expected inflow of foreign investment is due to weak confidence in Nepal's financial system, underscoring the need to create an investment-friendly environment through reforms.

Finance Minister Rameshore Prasad Khanal has said that it is the shared responsibility of all stakeholders and authorities to work toward removing Nepal from the Financial Action Task Force (FATF) grey list related to money laundering issues.Speaking at a programme organized to mark the National Anti- Money Laundering Day - 2082 BS in the capital on Wednesday under the theme ...