Nepal Faces Pressure to Exit FATF Grey List Amidst Misuse of Anti-Money Laundering Laws

Kathmandu. The Financial Action Task Force (FATF), an international umbrella organization for anti-money laundering, has placed Nepal on the 'Grey List', creating pressure for Nepal to exit the list. Experts say that after being placed on the 'Grey List' (list of high-risk countries), Nepal is facing multifaceted risks.

For Nepal, which is heavily dependent on imports, being listed for a long time is highly unfavorable. Therefore, Nepal is under pressure to implement various reforms to get out of this list.