APG Delegation in Kathmandu to Assess Anti-Money Laundering Efforts

A delegation from the Asia Pacific Group (APG) International Cooperation Review Group (ICRG) is in Kathmandu to assess Nepal's progress in implementing suggestions to combat money laundering and terrorist financing. Nepal is currently on the Financial Action Task Force (FATF) 'grey list' due to weaknesses in these areas. The APG team is meeting with various government officials and bodies to evaluate the extent of implemented reforms and provide technical assistance. The Nepali government has expressed its commitment to exiting the 'grey list' through legal reforms and strengthened coordination.