SCB Nepal Hosts 1st Regional Correspondent Banking Academy for ASEAN & South Asia Banks
25th April 2025, Kathmandu
Standard Chartered Bank (SCB), in collaboration with regulators and leading financial institutions, successfully concluded its Regional Correspondent Banking Academy (CBA), the very first initiative aimed at strengthening financial networks, enhancing compliance standards, and promoting best global practices in international banking across the region.
SCB Nepal 1st Regional Correspondent
The two-day-long academy, held in Kathmandu on 24 and 25 April, was inaugurated by Mr. Phanindra
Gautam, Secretary, Office of the Prime Minister and Council of Ministers, Coordinator – AML Coordination
Committee, Nepal. Mr. Gautam emphasized the need to hold such an event in Nepal and appreciated Standard Chartered Bank’s effort for sourcing subject matter experts from the Region. He stressed the need for broader collaboration between the government and the financial sector in combating financial crime.
The 2-day event brought together over 130 participants from ASEAN and South Asia, representing 15 different nations. Attendees included representatives from Central Bank, Regulatory Agencies, and colleagues from the banking fraternity across ASEAN and South Asia countries.
Through a series of expert-led workshops, panel discussions, and case studies, the Academy provided deep insights into the evolving landscape of correspondent banking and digital capabilities. Topics included Risk Management, Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) protocols, Enforcement Actions, cross-border transaction challenges, and innovation in financial messaging systems & FX solutions.
Gorakh Rana, CEO & Head of Coverage, Nepal, remarked that the purpose of CBA is to renew/refresh the knowledge on AML, PF, and sanctions to safeguard the financial system.
The speakers for the two-day session were experts from the region,
Chany Xiong, Executive Director, Cash Products Management, SCB
Chris Fleming, Executive Director, Head of Client & Third-Party Intelligence, SCB
Serhane Victor, Head of Sanctions Compliance, ASEAN and South Asia, SCB
Jayesh Kadam, Director- FCC ACT Head and FCC Risk Specialist, SCB
Suchit Parikh, Head of TBFX Sales, ASA, SCB
Piyush B Chaturvedi, Head of FI Sales, India, Nepal & Bhutan, SCB
Netra Subedi, Head of Financial Crime Compliance, SCB
The event also marks a major milestone in Standard Chartered Bank’s ongoing mission to foster efficiency, transparency, inclusion, and resilience in financial services.
Standard Chartered Bank Nepal Limited (SCBNL)
The Bank enjoys the status of the only international bank currently operating in Nepal. It is also the only Bank in Nepal accredited with ICRANP-IR AAA rating by ICRA Nepal as the safest bank with regards to the timely servicing of financial obligations. The Bank reaffirmed its AAA Rating for the fifth time.
SCBNL is a leading international banking group, with presence in 60 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
SCBNL is listed on the Nepal Stock Exchange.
For more: SCB Nepal 1st Regional Correspondent
