
The 'grey list' will shortly be eliminated: Minister of Finance
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has said the government would get rid of 'grey list' inside within the set timeframe.
Finance Minister Paudel said it after the Financial Action Taskforce (FATF) included Nepal within the 'grey list'. "We confronted this situation for our disappointment to meet the criteria within the set time," he conceded, whereas communicating trust that Nepal would be able to urge freed of the 'grey list' by sending viable exercises to meet the criteria set within the Activity Arrange by the later Paris meeting of FATF.
FATF is the worldwide money laundering and terrorist financing watchdog. It sets universal criteria that point to avoid these unlawful exercises and the hurts they cause.Â