Kathmandu. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said the government was making concerted and concerted efforts to remove Nepal from the grey list ahead of schedule.
Responding to the queries raised by lawmakers in the House of Representatives meeting, Finance Minister Poudel said nepal would be out of the grey list before the scheduled time as a result of nepal’s organized and concerted efforts. He said that the acts and action plans related to money laundering have been prepared for implementation and achieving meaningful results.
Finance Minister Poudel said that the Act 2080 has amended 19 different acts to prevent money laundering and promote business environment to remove them from the grey list. The Prevention of Money Laundering Regulations 2081 has come into effect by issuing the Strategy and Action Plan (2081) related to prevention of money laundering and financing of terrorist activities. 82-85. 86) He informed that it is in implementation.
Finance Minister Poudel said that the Board of Directors has approved the Detail of Early Corrective Activities 2082 to get the country out of the grey list as soon as possible and ensure effective implementation so that it will not be included in the list in the coming days.
Poudel also informed the House that the directive issued to the commodity entrepreneurs (index organizations) dealing in precious metals and commodities regarding prevention of money laundering and financing of terrorist activities, 2082 BS, was in force.
Similarly, the Directive 2082 issued to the casino entrepreneurs (index organizations) regarding the prevention of money laundering and financing of terrorist activities is in implementation, while the Directive 2082 issued to the home-land transactions (index organization) regarding the prevention of money laundering and financial investment in terrorist activities is in implementation. In addition, the Additional Strategy and Action Plan (2081-2085) of the Directive Committee and Coordination Committee constituted by the Law on Prevention of Money Laundering. Finance Minister Poudel also informed the House that works related to coordination, facilitation, monitoring and direction were underway by forming four implementation coordination mechanisms for the period.
