David Shannon

A delegation from the Asia/Pacific Group on Money Laundering (APG) has urged Nepal to accelerate reforms and effectively implement its action plan to exit the Financial Action Task Force (FATF) grey list. During meetings with various government officials, the delegation emphasized the need for Nepal to complete its national risk assessment and strengthen compliance measures. Officials reiterated Nepal's commitment to implementing necessary reforms to address concerns raised by international monitoring bodies.

Nepal's Finance Minister, Swarnim Wagle, has stated the government's commitment to implementing necessary measures for the country's removal from the Financial Action Task Force (FATF) grey list. During discussions with an Asia/Pacific Group on Money Laundering (APG) delegation, Wagle emphasized mobilizing resources and institutional capacity to address international concerns, while APG Deputy Executive Secretary David Shannon noted that significant work remains.