Auditor General Toyam Raya has called for collaborative efforts from all concerned bodies to remove Nepal from the money laundering ‘Grey List’.
Call for Joint Action on Grey List
Auditor General Toyam Raya stated that all stakeholder organizations must coordinate their work to remove Nepal from the ‘Grey List’ related to money laundering. Speaking at the oath-taking ceremony for the newly elected President and Vice President of the Institute of Chartered Accountants of Nepal (ICAN) for its tenth council’s third term, he highlighted that the Financial Action Task Force (FATF) placed Nepal on the grey list due to issues with money laundering prevention, and only combined efforts can help the country exit this situation.
He specifically mentioned, “The Institute of Chartered Accountants can provide significant support in removing Nepal from the grey list by honestly carrying out auditing and other related work. I expect the institute to play an effective role in this.” Raya also appealed for honest exposure of any irregularities and discrepancies which may arise in auditing and other activities. He informed that the necessary amendment process for the Nepal Chartered Accountants Act will be advanced, as the current act is not timely.
Nepal Securities Board Chairman Dr. Gopal Prasad Bhatta urged ICAN to conduct audits for banks and financial institutions, private and public companies impartial and with honesty.
Outgoing Chairman CA Neel Bahadur Saru Magar shared his efforts to enhance the institution’s dignity during his tenure. He handed over the ‘President’s Medal’ to the newly elected Chairman, CA Anand Raj Sharma Wagle, facilitating his assumption of office.
Newly elected Chairman Wagle committed to further strengthening the professionalism that has been upheld since the institution’s establishment. He also administered the oath to the newly elected Vice Chairman, CA Hem Kumar Kafle. Vice Chairman Kafle pledged to make auditing and other related activities more reliable and effective.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
