AML Nepal Conducts AML/CFT Capacity Building Program for Employees Provident Fund

AML Nepal organized a knowledge enhancement program on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and compliance systems for the Employees Provident Fund, one of Nepal’s largest non-banking financial institutions managing long-term funds.

The program focused on strengthening institutional governance, risk management, and AML/CFT compliance practices. Experts from AML Nepal conducted presentations and interactive sessions covering international best practices, Nepal’s regulatory framework, risk-based compliance systems, customer due diligence, source of funds verification, ongoing monitoring, and suspicious transaction reporting.

Participants also discussed practical challenges in implementing AML/CFT measures, especially in risk assessment of fund sources and investments, transparency of contributors’ funds, and regulatory expectations. The program emphasized improving institutional systems, enhancing compliance effectiveness, and aligning with international standards through continuous training and collaboration.