Kathmandu, Aug. 19 -- The Office of the Prime Minister and Council of Ministers has directed government secretaries to work on a fixed timeline and take effective measures to get Nepal off the Financial Action Task Force's "grey list", a global watchlist for countries with weaknesses in their efforts to combat money laundering and terrorist financing.

A meeting of government secretaries chaired by chief secretary Govinda Bahadur Karki on Tuesday reviewed the government's efforts to secure Nepal's removal from the grey list. Nepal has prepared an action plan to address the deficiencies identified by the FATF, and the meeting decided that all ministries and government agencies must implement the plan effectively and within the prescribed d...