Compliance Policy

Compliance Policy

Money laundering is the illegal process of making money by getting involved in criminal activities such as drug trafficking or terrorist funding. The process of money laundering typically involves three steps: Placement, layering and integration. Our AML-CTF policy is committed to prevent money laundering practices in accordance of Nepal Central Bank, money laundering prevention act, 2008 which is authorized by the Parliament of Nepal. I pay remit rigorously follow the guidelines of international Institution i.e the Office of Foreign Asset Control (OFAC) of US Department of Treasury and relevant recommendation of G7 Financial action task force (FATF) and Asia Pacific Group (APG) policy to globally fight against AML. Our policy doesn't permit us to engage in any relationship with Politically Exposed Person (PEP) or their families. We firmly go against any transaction with shell entities and consistence with Financial Information Unit (FIU). We occasionally audit and update Know Your Customer (KYC) and also the Client Due-Diligence as per the need basis.