Government pushes ministries to meet FATF reform targets
Summary
The government has directed ministries and agencies to work on a fixed timeline to help Nepal exit the FATF grey list. Officials will be monitored regularly as Nepal tries to complete reforms by mid-February 2027.
Key Points
- The Prime Minister’s Office has ordered ministries and government agencies to implement Nepal’s FATF action plan within fixed deadlines.
- Nepal aims to complete the required reforms by mid-February 2027 to get off the grey list and avoid further financial risk.
- The meeting reviewed weak areas including banking oversight, cooperatives, real estate, precious metals, corruption, tax evasion, trafficking and money laundering.
- The government also decided to observe Civil Service Day and push broader governance, lawmaking and procurement reforms.
