Standard Chartered, FIU-Nepal hold workshop to strengthen anti-money laundering compliance
Summary
Standard Chartered Bank Nepal and FIU-Nepal convened a workshop with over 140 participants to bolster Nepal's anti-money laundering and counter-terrorism financing framework aligning with FATF standards.
Key Points
- Standard Chartered Bank Nepal and FIU-Nepal jointly held a workshop to enhance Nepal's AML, CFT, and CPF compliance frameworks.
- The workshop included over 140 participants from regulatory bodies, banks, financial institutions, insurance companies, and cooperatives.
- Sessions were led by experts from Standard Chartered Bank India focusing on FATF standards, financial crime risk management, and compliance mechanisms.
- Officials emphasized the need for stronger public-private collaboration and risk-based supervision to help Nepal exit the FATF grey list.
