The Financial Action Task Force (FATF) has approved Nepal's action plan to exit the grey list after placing the country under intensified monitoring for money laundering. The intergovernmental body, which combats money laundering and terrorist financing, made the decision during its meeting in Paris, France, on Friday.

Nepal has been placed on the Financial Action Task Force (FATF) grey list for a second time. The decision came during the FATF plenary meeting held in Paris on February 17-21.

The Financial Action Task Force (FATF) has removed the Philippines from its 'grey' list, indicating reduced scrutiny for the country. Meanwhile, Laos and Nepal have been added to this list. The membership of Russia in the FATF continues to be suspended,

In a development that could potentially bring further trouble in its ailing economy, Nepal has been placed on the Financial Action Task Force (FATF) grey list. This is the second time Nepal has been placed on the FATF grey list after it successfully emerged out of the list in 2014,

The Financial Action Task Force (FATF), a global anti-money laundering watchdog, said on Friday it had removed the Philippines from its 'grey' list of countries under increased scrutiny, while it added Laos and Nepal to that list.

A global anti-money laundering watchdog said Friday it had removed the Philippines from its list of countries subject to increased monitoring, while adding Laos and Nepal.

The Philippine government welcomed the country’s removal from a global watchdog’s dirty-money list, which could spur remittances and foreign investments in one of Asia’s fastest-growing economies. The Financial Action Task Force’s (FATF) decision to take Manila off the list is expected to “facilitate faster and lower-cost cross-border transactions,