Kathmandu | National Desk
Minister for Communications and Information Technology Prithvi Subba Gurung has emphasized the urgent need to safeguard Nepal from being placed on the grey list in matters related to asset laundering.
Speaking at a press conference organized at the Ministry on Tuesday to brief the media on recent decisions of the Council of Ministers, Minister Gurung, who also serves as the government spokesperson, said the government is preparing to launch a comprehensive campaign aimed at preventing Nepal from falling under international scrutiny for financial irregularities.
“The government has taken this issue seriously and will initiate efforts to ensure that Nepal does not land on the grey list concerning asset laundering,” he stated.
Placement on the Financial Action Task Force (FATF) grey list can significantly affect a country’s international financial credibility, restrict access to global markets, and pose challenges in securing foreign investments.
Minister Gurung reaffirmed the government’s commitment to enacting necessary reforms, enhancing legal frameworks, and strengthening institutional mechanisms to curb money laundering and ensure financial transparency.
