Shared effort needed to remove Nepal from FATF Gray List: Finance Minister Khanal
Summary
Finance Minister Rameshore Prasad Khanal emphasizes the shared responsibility to remove Nepal from the FATF Gray List within a year, highlighting ongoing reforms to enhance transparency and governance.
Key Points
- Finance Minister Rameshore Prasad Khanal states that removing Nepal from the FATF Gray List is a shared responsibility among authorities and stakeholders.
- Nepal aims to complete all necessary reforms and exit the Gray List by the end of 2026.
- The government stresses transparency, good governance, and corruption-free institutions rather than external pressure.
- Nepal Rastra Bank warns that staying on the Gray List may increase costs and challenges for Nepal's economy and financial dealings.
