Nepal is at real risk of being put on the greylist by the Financial Action Task Force (FATF) as there are deficiencies in both its legislation and enforcement of laws related to money laundering and terror financing, writes Prithvi Man Shrestha in The Kathmandu Post. Nepal is struggling to address a number of deficiencies to comply with the standards of the Paris-based regulatory body related to anti-money laundering and terrorist financing and has identified at least 15 weak laws.
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