Sanctions Risk Management Nepal: NBA Interaction for Bankers
27th April 2025, Kathmandu
The Nepal Bankers’ Association (NBA) hosted an important interaction session on April 25, 2025. The event focused on international sanctions compliance, targeted financial sanctions, and proliferation financing. It aimed to boost the banking sector’s ability to manage emerging compliance risks.
Sanctions Risk Management Nepal
The NBA brought together compliance officers, senior officials, and risk managers from its member banks. The goal was to encourage a better understanding of global sanctions and improve resilience against financial crimes.
Keynote by Sanctions ExpertNBA event featured Standard Chartered’s Serhane Victor on global sanctions compliance for Nepalese banks.
The session featured an in-depth presentation by Mr. Serhane Victor, Head of Sanctions Compliance for ASEAN and South Asia at Standard Chartered Bank. He shared expert insights on major developments in global economic sanctions and regulatory reactions.
Mr. Victor explained how sanctions regimes are evolving. He also highlighted how bad actors are finding new ways to evade sanctions. His presentation included several real-world case studies, which made the discussions practical and relatable for the participants.
Moreover, Mr. Victor outlined effective due diligence practices. He urged banks to adopt a risk-based approach and improve internal monitoring systems. He also emphasized the importance of proactive measures to detect and manage risks early.
Collective Commitment from Member Banks
Officials from several NBA member banks actively engaged in the session. They discussed the challenges Nepalese banks face as the global financial system becomes more interconnected. Participants showed strong interest in improving their compliance frameworks.
Through lively discussions, they exchanged ideas on applying targeted financial sanctions. They also explored ways to strengthen transaction monitoring, enhance customer due diligence, and integrate compliance culture into daily operations.
This active participation signaled the banking community’s growing commitment to international standards. Banks understand that effective compliance protects not only individual institutions but also the country’s financial reputation.
Future-Ready Banking Compliance
The interaction session proved timely and relevant. Nepal’s banks are increasingly exposed to cross-border risks. Global regulatory bodies expect stronger due diligence and higher compliance standards. NBA recognizes these challenges and is leading efforts to strengthen the sector’s response.
The association plans to organize more sessions in the future. These programs will help banks stay updated on global compliance trends and prepare for emerging threats.
Moreover, the NBA’s focus is not only on awareness but also on action. It is working closely with banks to encourage practical improvements in policies, systems, and staff training. Stronger compliance will also help Nepalese banks maintain relationships with international partners.
Moving Forward
This session reflects the NBA’s long-term vision for a more resilient banking sector. By building awareness and sharing best practices, the NBA helps banks safeguard against complex financial threats.
Nepal’s banking sector stands at a critical point. With the right strategies and commitment, it can turn compliance challenges into opportunities for growth and trust-building.
Through collaboration, training, and strategic leadership, the NBA and its members are laying the foundation for a stronger, safer, and globally connected financial system.
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