Intensify Money Laundering Investigation

Nepal is almost sure to fall into ‘greylist’ once again for failing to achieve the desired progress on its anti-money laundering regime. After having monitored Nepal’s money laundering investigation system on a regular basis, the Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has recently signalled that the country may be greylisted soon as the nation has been unable to meet the standards set by the monitoring body and also follow international practices. When a country is listed as high-risk in money laundering, it is under the FATE’s tougher economic supervision and regulation. Any nation can face this situation when its legal framework and anti-money laundering regime are not in compliance with that of the FATF in terms of combating financial crimes like money laundering and terrorist financing.