Nepal to Exit FATF Grey List Ahead of Deadline, Vows Finance Minister Paudel
Mar 07, 2025
Nepal’s Finance Minister Bishnu Paudel vowed to remove Nepal from the FATF grey list before the two-year deadline. He blamed the previous government for the country’s inclusion. Nepal was placed back on the list after the FATF plenary meeting (Feb 17-21) in Paris, having previously been listed from 2008-2014. Along with Laos, Nepal was added for anti-money laundering and counter-terrorist financing deficiencies. Despite progress, Nepal missed the October 2024 deadline. To exit, it must enforce stricter financial regulations and oversight to avoid blacklisting.