terrorist financing, and proliferation financing. A number of jurisdictions have not yet been reviewed by the FATF or their FSRBs, but will be in due course.

The FATF provides some flexibility to jurisdictions not facing immediate deadlines to report progress on a voluntary basis. The following countries had their progress reviewed by the FATF since October 2024: Bulgaria; Burkina Faso, Cameroon, Croatia, Democratic Republic of Congo, Kenya, Mali, Mozambique, Namibia; Nigeria, Philippines, South Africa, South Sudan, Tanzania, Venezuela, and Vietnam. For these countries, updated statements are provided below. Algeria, Angola, Côte d’Ivoire, Haiti, Lebanon, Monaco, Syria and Yemen chose to defer reporting; thus, the statements issued previously for those jurisdictions are included below, but it may not necessarily reflect the most recent status of the jurisdictions’ AML/CFT regimes. Following review, the FATF now also identifies Lao PDR and Nepal.

 

In February 2025, Nepal made a high-level political commitment to work with the FATF and APG to strengthen the effectiveness of its AML/CFT regime. Since the adoption of its MER in August 2023, Nepal has made progress on some of the MER’s recommended actions including streamlining MLA requests and increasing the capabilities of the FIU. Nepal will continue to work with the FATF to implement its FATF action plan by:

(1) improving its understanding of key ML/TF risks;

(2) improving risk-based supervision of commercial banks, higher risk cooperatives, casinos, DPMS and real estate sector;

(3) demonstrating identification and sanctioning of materially significant illegal MVTS/hundi providers, without hindering financial inclusion;

(4) increasing capacity and coordination of competent authorities to conduct ML investigations;

(5) demonstrating an increase in ML investigations and prosecutions;

(6) demonstrating measures to identify, trace, restrain, seize and, where applicable, confiscate proceeds and instrumentalities of crime in line with the risk profile;

(7) addressing technical compliance deficiencies in its targeted financial sanctions regime for TF and PF.