Fiscal Nepal
First Business News Portal in English from Nepal
IGP APG discussion
KATHMANDU: Inspector General of Police (IGP) Dan Bahadur Karki held a meeting with representatives of the Asia/Pacific Group on Money Laundering (APG) to discuss Nepal’s anti-money laundering efforts and progress toward exiting the international “grey list.”
The meeting took place at the Nepal Police Headquarters in Naxal between IGP Karki and APG officials, including Deputy Executive Secretary David Shannon and Policy Officer Kiah Sassal.
According to Nepal Police Headquarters, discussions focused on Nepal’s action plan aimed at removing the country from the intensive monitoring list (grey list) related to anti-money laundering and countering illicit financial activities.
During the meeting, participants discussed the role of the Nepal Police as the lead law enforcement agency responsible for enforcing laws related to financial crimes and anti-money laundering. The discussion also covered the status of actions being undertaken by Nepal Police in coordination with relevant stakeholders to strengthen the country’s anti-money laundering prevention system.
Key agenda items included capacity enhancement of police personnel, technical assistance, inter-agency coordination, and future strategies to strengthen Nepal’s anti-money laundering framework.
Officials also discussed greater information sharing, mutual cooperation, and coordination in controlling financial crimes, amid growing concerns over illicit financial flows and compliance with international financial monitoring mechanisms.
The meeting was attended by senior officials from Nepal’s Financial Information Unit (FIU), representatives from the Office of the Prime Minister and Council of Ministers, directors and officials from the Nepal Rastra Bank, deputy inspectors general of police, and other senior police officers.
The discussion comes as Nepal intensifies efforts to strengthen financial governance and compliance with global anti-money laundering standards to improve investor confidence and avoid reputational and financial risks associated with grey-listing.
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