Banking news – A delegation from the Asia/Pacific Group on Money Laundering held a meeting with Nepal Police Inspector General Dan Bahadur Karki regarding Nepal’s efforts to exit the intensive monitoring list, commonly known as the “grey list,” related to anti-money laundering compliance.

During the meeting held today at the Nepal Police Headquarters in Naxal, Inspector General Karki briefed the delegation on the steps being taken by Nepal to address concerns associated with money laundering and strengthen the country’s anti-money laundering framework.

The discussion focused extensively on the role of Nepal Police as a key law enforcement agency in implementing the action plan submitted by Nepal. According to the Police Headquarters, IGP Karki also highlighted the effective coordination and enforcement measures being carried out by Nepal Police in collaboration with other concerned agencies to strengthen the anti-money laundering prevention system.

Likewise, both sides also discussed capacity enhancement for police personnel, technical assistance, and future areas of cooperation and strategic direction. The meeting was attended by APG Deputy Executive Secretary David Shannon and Policy Officer Kia Sasal.

During the interaction, the participants expressed commitment to further strengthening information sharing, mutual cooperation, and international coordination for controlling financial crimes. The meeting was also attended by officials from the Financial Information Unit, a Joint Secretary from the Office of the Prime Minister and Council of Ministers, directors from Nepal Rastra Bank, and senior police officials.