IGI Prudential Insurance Limited Hosts AML/CFT Compliance Training Seminar
15th July 2026, Kathmandu
IGI Prudential Insurance Limited organized a one-day training seminar focused on Anti-Money Laundering and Combating the Financing of Terrorism.
IGI Prudential Hosts AML/CFT Compliance Training
The orientation session took place on Ashar 29, 2083, at Hotel Radisson, located in Lazimpat, Kathmandu. The workshop brought together the central Board of Directors, top executive management teams, and prominent promoter shareholders to align on corporate governance.
Core Objectives and Expert Operational Insights
The workshop aimed to enhance the core leadership team’s mastery of legal guidelines governing anti-money laundering and terrorist financing countermeasures. Shambhu Raj Lamichhane, an expert in financial crime tracking, led the technical session as the primary resource person.
The specialist provided data on the global and domestic regulatory landscapes while detailing specific prevention frameworks the corporate group must execute moving forward. The session combined legal theory with actionable compliance steps, preparing the internal team to match national and global standards.
Important Training Modules and Risk Management Fields
The interactive seminar covered several operational training modules designed to strengthen internal auditing systems and risk handling. The curriculum focused on daily insurance transactions:
Advertisement
- A thorough review of current domestic anti-money laundering laws and regional counter-terrorism financing guidelines.
- Specific expectations and inspection criteria enforced by state regulators against the domestic insurance sector.
- Advanced customer identification methods and structural Customer Due Diligence tracking workflows during policy onboarding.
- The application of a risk-based compliance approach to identify high-risk client categories effectively.
- Tactical methods for detecting unusual transactions and filing official suspicious activity reports with authorities.
- Compliance workflows involving targeted financial sanctions and international economic blacklist checking.
- Strategic management routines aimed at improving transparency, corporate accountability, and internal governance.
The complete training curriculum sought to build a resilient internal compliance framework, ensuring that the company reduces its exposure to regulatory penalties or operational oversights.
Directive From the Board of Directors Regarding Daily Operations
During his formal address to the assembly, Chairman Hem Raj Dhakal highlighted the absolute necessity of following every directive issued by insurance regulators. He stated that adherence to state laws, official circulars, and operational guidelines remains non-negotiable for the firm.
The Chairman directed both the executive management and daily operational teams to maintain high standards of customer care without compromising regulatory checks. He emphasized that customer verification procedures must remain fully integrated into the daily workflow of every regional branch office.
Reaffirming Long Term Institutional Governance Priorities
As the seminar drew to a close, Director Umakanta Acharya expressed appreciation to the speaker, the executive panel, and the participating promoters for their focused engagement. He stated that the insurance firm will continuously invest in updating its tracking technologies and internal audit workflows.
The director reaffirmed the firm’s long-term goal to act as a transparent and legally compliant entity within the financial ecosystem of Nepal. By conducting these targeted board-level orientations, IGI Prudential Insurance Limited aims to foster an internal culture of transparency and accountability while building a resilient shield against modern financial crimes.
