Lawmaker Amresh Kumar Singh has urged the government to disclose details of funds received through International Non-Governmental Organizations (INGOs) and Non-Governmental Organizations (NGOs).  

Speaking during the zero hour of the House of Representatives (HoR) meeting on Monday, Singh emphasized the need for transparency regarding foreign funds entering Nepal. “The government must prove the utility of such funds,” he said, calling for a White Paper on the matter.  

His remarks come a day after members of the HoR’s Finance Committee urged the government to disclose expenditures made under USAID-funded programmes in Nepal.  

Singh also demanded an explanation for Nepal’s recent addition to the Financial Action Task Force’s (FATF) grey list. FATF, the global watchdog on anti-money laundering (AML) and countering the financing of terrorism (CFT), re-listed Nepal last Friday. The country was previously on the grey list from 2008 to 2014.  

Countries on the grey list, officially termed "Jurisdictions under Increased Monitoring," are required to work with FATF to address deficiencies in their AML/CFT frameworks within agreed timeframes.  

FATF also maintains a blacklist, officially called "High-Risk Jurisdictions Subject to a Call for Action," which includes countries with severe AML/CFT deficiencies. Currently, North Korea, Iran, and Myanmar are on the blacklist.  

(With inputs from RSS)