Finance Minister calls for collective efforts to withdraw Nepal from FATF Gray List
Summary
Finance Minister Rameshore Prasad Khanal urges collective efforts from all stakeholders to remove Nepal from the FATF Gray List within a year through comprehensive reform measures focused on transparency and fiscal discipline.
Key Points
- Finance Minister Rameshore Prasad Khanal emphasizes shared responsibility to remove Nepal from the FATF Gray List within a year.
- The government’s reform initiatives aim to build corruption-free institutions and strengthen the national economy, not driven by external pressure.
- Minister for Law Anil Kumar Sinha and Attorney General Sabita Bhandari stress effective implementation of legal reforms and risk-based monitoring as per FATF standards.
- Nepal Rastra Bank Deputy Governor Bom Bahadur Mishra warns of international financial restrictions and increased transaction costs if reforms are not achieved.
