A new civil society report commissioned by Transparency International Nepal uncovers Nepal’s weak compliance with the United Nations Convention against Corruption (UNCAC). The legal framework does not meet the requirements of the Articles of Chapter II (Preventive Measures), and Chapter V (Asset Recovery), and lacks implementation in practice. This research finds that although an attempt to counter money laundering through its new ‘goAML system’ is underway, huge gaps persist in asset recovery where inter-agency coordination and cooperation resulted in little implementation and no effective monitoring oversight. There are no political financing regulations or whistleblower protection laws in place. The asset disclosure systems is merely cosmetic because it is ineffective in practice. The civil society report is intended to contribute to the UNCAC implementation review process in its second cycle, with technical and financial support from the UNCAC Coalition.

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