Kathmandu. Finance Minister Dr Swarnim Wagle has said all measures would be adopted to take Nepal out of the money laundering grey list (Jurisdictions Under Enhanced Monitoring).
Minister Wagle said this during a discussion on the action plan of the International Cooperation Review Group (ICRG) of the Asia Pacific Group of Money Laundering (APG) held in coordination with the Office of the Prime Minister and Council of Ministers at the Ministry of Finance on Tuesday. He pledged to put in all possible efforts to get Nepal out of the ‘grey list’.
Stating that the government of Nepal under the leadership of Prime Minister KP Sharma Oli was striving to take a stride in the development of the country by establishing good governance, he said this was a major message of people’s mandate. “The current grey list situation is the result of the misrule of the last 30 years,” he said, adding, “The works carried out regarding good governance after the formation of the new government have become visible to all.” ’
Wagle said that the government agencies have been working regularly to take immediate and regular initiatives to get Nepal out of the grey list of money laundering and it is also being evaluated. “The situation in Nepal regarding the grey list indicators is very different from the last review period and now,” he said.
During the discussion, APG Deputy Executive Secretary David Shannon said that there is still a lot of work to be done to get Nepal out of the grey list.
The meeting was attended by officials from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank and other agencies. The FATF had placed Nepal in the grey list for two years on February 22, 2081.
Nepal has committed to the 15-point ICRG action plan to get out of the list.
