NRB makes wallet companies accountable for tracking doubtful transactions
Summary
Nepal Rastra Bank (NRB) has mandated wallet companies to monitor and halt suspicious online transactions within 24 hours and comply with UN and Ministry of Home Affairs lists for anti-money laundering efforts.
Key Points
- NRB has issued new guidelines making Payment Service Providers accountable for tracking suspicious transactions.
- Wallet companies like Khalti, eSewa, and MyPay must monitor transactions against UN and Ministry of Home Affairs suspicious lists.
- Suspicious transactions must be halted within 24 hours and reported to the Financial Information Unit of NRB within three days.
- Non-compliance with guidelines may result in revocation of operating licenses by NRB.
