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APG warns Nepal over weak anti-money laundering progress, flags risk of further downgrade from grey list

Kathmandu, May 20 -- A delegation from the Asia/Pacific Group on Money Laundering (APG), the regional body of the Financial Action Task Force (FATF), has met Nepali officials in Kathmandu and reminded... Read More


Government begins refunding deposits to victims of problematic cooperatives

Kathmandu, May 19 -- The government has started returning money to victims of cooperative fraud. On Monday, the Problematic Cooperative Management Committee refunded Rs1,399,216 to 378 small depositor... Read More