KATHMANDU, July 23: In response to the increasing instances of unprofessional activities under the guise of agitation against the banks and financial institutions, Nepal Rastra Bank (NRB) is proactively moving forward with the process to amend the Banking Offenses Act. The central bank aims to address and control such disorderly activities that have the potential to impact the stability of the financial sector.
KATHMANDU, July 23: In response to the increasing instances of unprofessional activities under the guise of agitation against the banks and financial institutions, Nepal Rastra Bank (NRB) is proactively moving forward with the process to amend the Banking Offenses Act. The central bank aims to address and control such disorderly activities that have the potential to impact the stability of the financial sector.
KATHMANDU, Dec 12: The cases of suspicious transactions in commercial banks are on the rise despite growing concerns of Nepal Rastra Bank (NRB) to tighten the money laundering measures.
KATHMANDU: Nepal Rastra Bank has decided to establish the Money Laundering Prevention Supervision Division in its initiation. Issuing a notice on Friday, NRB has informed that the division has decided to inspect and supervise the prevention of financial investment in money laundering and terrorist activities.
KATHMANDU: Nepal Rastra Bank (NRB), the central bank, has tightened the facility provided for foreign currency exchange for import-export. With this arrangement put in place, the central bank has toughened money laundering that can be promoted through import and export. The central bank obligated the licensed banks and financial institutions (BFIs) to formulate necessary work […]
