Nepal’s money laundering vulnerabilities: What the new national assessment says about its FATF exit
Summary
Nepal has released its second National Risk Assessment on money laundering, rating the country’s overall laundering threat as high and its combined risk as medium-high. Real estate, precious metals dealers, legal persons and virtual assets emerged as the highest-risk sectors as Nepal pushes to exit the FATF grey list.
Key Points
- Nepal’s second National Risk Assessment rates money laundering threat as High, vulnerability as Medium and overall risk as Medium-High.
- Real estate, precious metals and stones, legal persons, and virtual assets are the highest-risk sectors for money laundering.
- The assessment was coordinated by the Prime Minister’s Office with technical support from the World Bank and input from regulators and law enforcement agencies.
- The report is part of Nepal’s effort to show progress toward exiting the FATF grey list by 2027.
