We get rid of ‘grey list’ soon: Finance Minister

Kathmandu: Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has said the government would get rid of the ‘grey list’ within the set timeframe.

Finance Minister Paudel said it after the Financial Action Taskforce (FATF) included Nepal in the ‘grey list’. “We faced this situation for our failure to meet the criteria in the set time,” he admitted while expressing hope that Nepal would be able to get rid of the ‘grey list’ by forwarding effective activities to meet the criteria set in the Action Plan by the recent Paris meeting of FATF.

FATF is the global money laundering and terrorist financing watchdog. It sets international criteria that aim to prevent these illegal activities and the harm they cause.