KATHMANDU: Nepal Rastra Bank (NRB) has adopted a policy aimed at strengthening monitoring, investigations, and enforcement actions against suspicious financial activities, as part of efforts to remove Nepal from the Financial Action Task Force (FATF) ‘grey list’ for deficiencies in combating money laundering.
The monetary policy for the upcoming fiscal year 2082/83 (2025–26) states that investigations, prosecutions, and actions will be made more effective in line with the national action plan to expedite Nepal’s removal from the FATF grey list.
According to the policy, effective coordination will be ensured among relevant agencies to carry out tasks under the action plan and to free Nepal from the FATF’s enhanced monitoring list, commonly referred to as the grey list.
“Surveillance, research, and enforcement measures will be further strengthened to fully implement the national strategy and the central bank’s action plan,” the policy document states.
The monetary policy also emphasizes that priority actions and recommendations identified in the third-round mutual evaluation report of Nepal, published by the Asia-Pacific Group (APG), will be implemented with urgency, especially those concerning regulatory bodies.
Additionally, it notes that the transmission of financial intelligence from the Financial Information Unit (FIU) under the central bank to relevant agencies will be automated to improve the efficiency and effectiveness of investigations.
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