Stakeholders are concerned that Nepal could be blacklisted or placed on a greylist (a jurisdiction under increased monitoring) by the Financial Action Task Force (FATF), a global initiative to combat money laundering because of its failure to resolve several inadequacies in its laws against money laundering and terrorism financing.
Stakeholders are concerned that Nepal could be blacklisted or placed on a greylist (a jurisdiction under increased monitoring) by the Financial Action Task Force (FATF), a global initiative to combat money laundering because of its failure to resolve several inadequacies in its laws against money laundering and terrorism financing.
Nepal is at the risk of being punished by the Financial Action Task Force (FATF) for having a weak body to monitor money laundering in the country.
The post Nepal risks being blacklisted for weak money laundering control mechanisms appeared first on OnlineKhabar English News.
