Nepal's progress in strengthening measures to tackle money laundering and terrorist financing

Paris, 16 December 2024 - Since the 2023 assessment of Nepal's measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework.

Overall, Nepal has made progress in addressing the technical compliance deficiencies identified in its MER and has been upgraded as follows:

• Recommendation 2 is re-rated from partially compliant to largely compliant
• Recommendation 7 is re-rated from non-compliant to partially compliant
• Recommendation 10 is re-rated from partially compliant to largely compliant
• Recommendation 15 is re-reated from non-compliant to partially compliant
• Recommendation 19 is re-rated from partially compliant to largely compliant
• Recommendation 22 is re-rated from partially compliant to largely compliant
• Recommendation 23 is re-rated from partially compliant to largely compliant
• Recommendation 31 is re-rated from partially compliant to largely compliant
• Recommendation 38 is re-rated from partially compliant to largely compliant

Today, Nepal is compliant on 5 Recommendations and largely compliant on 23. The country has 11 Recommendations rated partially compliant.