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 them of areas where the country has failed to make adequate improvements after being placed on the grey list. The delegation warned that failure to address those shortcomings could put Nepal at risk of being blacklisted, instead of being removed from the grey list.

The two-member delegation, led by APG Deputy Executive Secretary David Shannon, met Finance Minister Swarnim Wagle, senior ministry officials, Nepal Rastra Bank governor Bishwo Nath Poudel, senior central bank officials, the police chief and other stakeholders. During the meeting...