Nepal, Oct. 25 -- The Financial Action Task Force (FATF) has decided to keep Nepal under its "increased monitoring list," commonly known as the grey list, citing ongoing strategic deficiencies in ...

Nepal Rastra Bank Governor Maha Prasad Adhikari said last month that an assessment by the Asia/Pacific Group on Money Laundering (APG) had put Nepal at risk of being placed on the grey list of the ...

In February 2015 The International Consortium of Investigative journalists (ICIJ) revealed that Nepalis held Rs5 billion in secret Swiss bank accounts. Most people thought the money must have been ...

The Financial Action Task Force has also added Laos and Nepal to its list of nations subject to “increased monitoring.” The Financial Action Task Force (FATF) has removed the Philippines from its ...

MONEY LAUNDERING HELPS ILLICIT ORGANIZATIONS by lowering their cost of capital, giving them a competitive advantage over legitimate businesses. NEITHER GOVERNMENT OFFICIALS NOR THE BUSINESS community ...

According to the 2023 Public Edition of the Basel AML Index, the average global money laundering (ML) and terrorist financing (TF) risk level increased from 5.25 in 2022 to 5.31 in 2023, where 10 is ...