The Central Bank of Nepal said Governor Paudel met representatives of the Asia/Pacific Group on Money Laundering to review Nepal's progress following its inclusion on the Financial Action Task Force enhanced monitoring list and to discuss the upcoming action plan for removal from the grey list. The discussions focused on money laundering risk assessment in the banking sector, risk-based supervision, legal and policy strengthening, transparency, coordination among national and international agencies and the private sector, and reporting to the International Cooperation Review Group. The meeting also covered institutional capacity development and possible technical assistance from international financial institutions in support of Nepal's exit from the grey list. Governor Paudel said Nepal Rastra Bank remains committed to implementing recommendations from relevant international bodies on the prevention of money laundering. It was the first APG visit since Nepal was placed on the FATF grey list, and attendees included APG officials, World Bank representatives, senior central bank staff, a joint secretary from the Office of the Prime Minister and Council of Ministers, and the head of the Financial Information Unit.
Central Bank of Nepal2026-05-19
Central Bank of Nepal reviews FATF grey list progress and upcoming action plan with APG
The Central Bank of Nepal reported that Governor Paudel met the Asia/Pacific Group on Money Laundering to review Nepal’s progress under Financial Action Task Force monitoring and to discuss an action plan for removal from the grey list. Discussions covered money laundering risk assessment in the banking sector, risk-based supervision, legal and policy strengthening, coordination with domestic and international stakeholders, and potential technical assistance from international financial institutions.