New heights - Nepal charts route to FATF compliance

The government of Nepal, the Himalayan republic sited between Asian giants India and China, has passed amendments to 20 laws affecting anti-money laundering and counter financing of terrorism (AML/CFT) as the country seeks to avoid a re-grey-listing by the Financial Action Task Force (FATF). Prithvi Shrestha, in Kathmandu, and Keith Nuthall look at whether the changes will suffice.

The government of Nepal, the Himalayan republic sited between Asian giants India and China, has passed amendments to 20 laws affecting anti-money laundering and counter financing of terrorism (AML/CFT) as the country seeks to avoid a re-grey-listing by the Financial Action Task Force (FATF). [1] Prithvi Shrestha, in Kathmandu, and Keith Nuthall look at whether the changes will suffice.