Kathmandu. Nepal Rastra Bank (NRB) has taken a policy to effectively monitor, investigate and prosecute suspicious transactions to remove Nepal from the grey list of the Financial Action Task Force (FATF) on money laundering.

The monetary policy for the fiscal year 2082/83 BS, which was unveiled in the fiscal year 2082/83 BS, has stated that investigation, prosecution and action will be effective as per the action plan to get Nepal out of the grey list soon.

“Effective coordination will be made among the concerned agencies to complete the works as per the action plan received by Nepal to get rid of fatf’s intensive watch list i.e. grey list.

Surveillance, investigation and action will be further strengthened for the full implementation of the National Strategy and Action Plan related to the Rastra Bank,” reads the monetary policy.

According to the monetary policy, priority actions and reform suggestions related to the regulatory bodies mentioned in nepal’s third phase mutual assessment report published by the Asia Pacific Group (APG) will be implemented on priority.

Similarly, financial intelligence will be automated to disseminate financial information from the financial information unit under the Rastra Bank to the concerned bodies and facilitate the effectiveness of the research work.