FATF Grey List

The Financial Action Task Force (FATF) that combats international money-laundering has kept Nepal out of its Grey List for now, giving it more time to fix laws and implement them. Nepal Rastra Bank Governor Maha Prasad Adhikari led a 28-member team to Canada for a hearing of FATF’s Asia Pacific Group (APG) last week and convinced officials to give Nepal till October 2024 to introduce legislation.