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 an update on 21 February following its latest plenary, the FATF (Financial Action Task Force) has removed the Philippines from its grey list while adding two and updating the position of many of the jurisdictions still on the list.

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.

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,

The Philippines on Saturday praised its removal from a global financial "grey list" of countries under increased monitoring for money laundering and terrorism financing, a status that can hamper global financial transactions.