Is Nepal about to earn a seat next to North Korea and Iran?
Nepal faces the risk of being blacklisted by the Financial Action Task Force (FATF) if it fails to show substantial progress in tackling money laundering and terrorist financing by September. Being placed on the grey list has already signaled deficiencies, and blacklisting would severely impact remittances, foreign investment, tourism, and the digital economy. The country's fragmented anti-money-laundering regime and the threat to politically connected business networks hinder necessary reforms.
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