KATHMANDU: Nepal's insurance regulator has instructed insurers to freeze assets linked to organisations and individuals involved in terrorism and to deny them insurance services, as the country seeks to be removed from the Financial Action Task Force (FATF) grey list.

Nepal's deficiencies in legislating targeted financial sanctions (TFS) against terrorist organisations and individuals have been identified as one of the reasons behind the country's inclusion in the list maintained by the global anti–money laundering body.

Nepal was placed on the FATF grey list in February, and the listing was extended in October this year.

The FATF said that countries or jurisdictions included in the grey list are those actively working with FATF to address strategic deficiencies in their regimes to cou

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