NRB Boosts Efforts to Remove Nepal from FATF Grey List

Nepal Rastra Bank (NRB) has introduced a new policy to improve how it monitors and takes action against suspicious financial activities. This is part of Nepal's effort to get removed from the Financial Action Task Force (FATF) 'grey list', which includes countries with weaknesses in fighting money laundering.

The monetary policy for the fiscal year 2082/83 (2025–26) mentions that investigations, legal actions, and enforcement efforts will be made stronger and more effective. These steps are based on the national action plan that aims to help Nepal exit the FATF grey list.

The policy says that there will be better coordination between different government agencies to carry out the tasks listed in the action plan. The goal is to meet all the requirements set by FATF and remove Nepal from the list of countries under increased monitoring.

According to the policy, efforts like monitoring, research, and enforcement will be further improved to fully carry out both the national strategy and the central bank’s plan.

The policy also highlights the need to quickly act on important recommendations made in a recent evaluation report by the Asia-Pacific Group (APG), especially those that focus on regulatory organizations.

It also mentions that the Financial Information Unit (FIU) under the central bank will automate how it shares information with other agencies. This will make investigations faster and more effective.