· Understanding how a BFI can take business and AML/CFT together
· Understanding how a BFI can best expand business together with AML/CFT compliance
· Understanding how AML/CFT help expanding business
· Understanding how minimum resources and staffs can work on AML/CFT
· Understanding how a BFI can best implement the newly amended but rigorous laws with limited resources
Nepal Rastra Bank (NRB) is the Central Bank of Nepal and regulatory body of commercial bank and financial institutions. One of the NRB’s objectives as set out in NRB Act, 2002 is to maintain financial stability. In order to achieve this objective, NRB has issued 23 directives to Banks and Financial Institutions. Out this, directives no. 2, 3 and 12 are related to credit management, single obligor limit and blacklisting requirement. These directives are most important for credit department and revisions/amendments in these directives are made annually.