1st July 2024, Kathmandu
The newsletter begins with a foreword by Dirgha Bahadur Rawal, Head of FIU-Nepal, expressing gratitude to various stakeholders and outlining the importance of the newsletter for providing insights into FIU-Nepal’s activities in 2023(NRB NEWS LETTER).
FIU-Nepal Newsletter July 2024
Reporting Statistics
The newsletter provides detailed reporting statistics on Suspicious Transaction Reports (STRs), Suspicious Activity Reports (SARs), and Threshold Transaction Reports (TTRs) for the year 2023. This section highlights the volume and nature of reports received and processed by FIU-Nepal(NRB NEWS LETTER).
goAML Integration Status
Since August 15, 2023, all Reporting Entities (REs) are mandated to submit STRs, SARs, and TTRs to FIU-Nepal exclusively through the goAML system. This integration aims to streamline the reporting process and enhance the efficiency of data collection and analysis(NRB NEWS LETTER)(NRB NEWS LETTER).
Domestic and International Cooperation
FIU-Nepal emphasizes its collaboration with both domestic and international partners. Domestically, the unit works closely with law enforcement agencies, regulators, and reporting entities. Internationally, FIU-Nepal coordinates with bodies like the Financial Action Task Force (FATF) and the Asia/Pacific Group on Money Laundering (APG)(NRB NEWS LETTER)(NRB NEWS LETTER).
Events and Programs
The newsletter also covers various events and programs organized or attended by FIU-Nepal in 2023. These events are crucial for capacity building and fostering cooperation among stakeholders in the fight against money laundering and terrorism financing(NRB NEWS LETTER).
Publications and Resources
A section is dedicated to documents published by FIU-Nepal, including guidelines, reports, and other resources available on the FIU-Nepal website. This ensures transparency and accessibility of information for stakeholders(NRB NEWS LETTER).
Key Amendments in AML/CFT Laws
The newsletter discusses significant amendments made to Nepal’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws, reflecting the country’s commitment to adhering to international standards and improving its regulatory framework(NRB NEWS LETTER).
Testimonials: FIU-Nepal Newsletter July 2024
The newsletter features testimonials from various law enforcement agencies, regulators, and reporting entities, highlighting their experiences and the impact of FIU-Nepal’s efforts on their operations.
