The banking & financial institutions in Nepal has seen exponential growth. The competitive market has stretched the limits of customer numbers. To tackle these issues, excellent customer service and innovative marketing of one’s banking products becomes essential.With this in mind NBI brings to you “Customer Relationship Management”. This program aims to deliver the best course content with consultation with the industry experts.
Anti-Money Laundering has become one of the most challenging jobs to the Banks and Financial Institutions due to changes in the regulations from time to time with stringent provisions, increasing various money laundering related risk events including electronic transactions frauds, usage of various means by the money launderers in cleaning the illegally earned money, increasing dependency on technology, etc.
Treasury Management is an essential function of a bank or a corporate or any entity dealing with large volumes of funds. With the increased globalization of markets, it has become essential to have an in-depth knowledge of the functioning of the domestic money and debt markets as also the foreign exchange markets for effective management of funds.
Due to increase in illegal activities to generate income, money laundering activities are increasing across the globe.
Money Launderer use Bank & Financial Institutions (BFIs) as a medium to clean the illegally or criminally earned money by bringing such money into the financial system through different means such as deposits of cash, drafts, wire transfers and other financial instruments.
The country received the inward remittance of about Rs 550 billion in In FY 071/72 only, which is about 20% on the total GDP of the country. Notably, Nepal is ranked in the 7th Position in terms of remittance's contribution in the GDP.
Whilst the inward remittance is contributing significantly in the economy and enabling to uplift the life standard of people and supporting BFIs to increase FCY trading / revaluation gain and fee income, many operational risk events are also taking place along with increase in remittance business.
The main takeaway of the program is that the staff of the fraud prone area (department) will be aware of the possible fraud. They will have orientation on existing legal framework on banking fraud.