Kathmandu. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said that the government was making concerted and concerted efforts to get Nepal out of the grey list ahead of schedule.

Responding TAG_OPEN_p_7 to a question raised by lawmakers in the House of Representatives meeting, Finance Minister Poudel said, “As a result of Nepal’s concerted and concerted efforts, Nepal will come out of the grey list before the scheduled time.” Finance Minister Poudel said that the acts and action plans related to money laundering have been prepared for implementation and meaningful results. Finance Minister Poudel said that the Act 2080 has amended 19 different acts to amend some acts related to prevention of money laundering and promotion of business environment to get them out of the grey list.

Similarly, TAG_OPEN_p_6 the Prevention of Money Laundering Rules 2081 has been issued and the Strategy and Action Plan (2080÷082-08÷86 related to prevention of money laundering and terrorist financing is in force. According to the Finance Minister, in order to ensure effective implementation to bring the country out of the grey list as soon as possible and to ensure effective implementation so that it does not fall into such a list in the coming days, the Board of Directors has approved the details of the prompt corrective activities that come out of the grey list and implemented it.

Finance Minister Poudel also informed the House that the Directive 2082 issued to the commodity entrepreneurs (index organizations) dealing in precious metals and commodities regarding the prevention of money laundering and financing of terrorist activities is 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 Real Estate Transactions (Index Organization) regarding the prevention of money laundering and financing of terrorist activities is in force.

Finance Minister Poudel also informed the House that coordination, facilitation, monitoring and direction are being carried out by forming four implementation coordination mechanisms for the period 2081÷82-085÷86, in addition to the Directive Committee and Coordination Committee formed by the Law on Prevention of Money Laundering. TAG_OPEN_p_5