Globally, new measures are being introduced to combat Anti- money laundering (AML) and financing of terrorism. The risk posed under non-compliance of AML/CFT has been challenging for banking and financial institution to maintain, as it has been increasingly complex with advent of new trends and issue related to trade-based money laundering , modern payment products and AML risk management.
National Banking Institute has been organizing AML/CFT every year, Last year report on AML/CFT by Fintelekt on banks and financial institution of Nepal stressed the process of governance , risk identification and assessment training and technology as a pillars of a sustainability AML compliance environment.
National Banking Institute has been taking active role in bringing together regulators, international/national experts, practitioners and consultants and discuss on various aspects of AML and CFT.
The flagship 3rd annual summit on Anti-Money Laundering to be organized by National Banking Institute is expected to leverage the existing dialogue in the country towards the strengthening and recognizing improvement areas in Nepal’s AML/CFT regime through knowledge sharing on latest tools, techniques, processes and technologies.