Nepal still on ‘grey list’ as FATF shares its review report

The country’s steps to improve its standing by addressing technical compliance deficiencies in targeted financial sanctions regime for ‘terrorist financing’ and ‘proliferation financing’ have fallen short.

Despite constant push from the Asia/Pacific Group (APG) on Money Laundering to make policy and structural changes, Nepal continues to fall short on delivery and will thus remain on the FATF’s grey list.