Audit & Compliance

AML/CFT - KYC @ Birtamod

· 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

Unified Directives @ Dhangadi

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.

Nepal Financial Reporting Standards (NFRS)

On recommendation from the Accounting Standards Board (ASB), the Institute of Chartered Accountants of Nepal (ICAN) in its Council

meeting held on 13 September 2013 decided to announce the roadmap for implementation of Nepal Financial Reporting Standards (NFRS) including its interpretations.  As per the said announcement, Commercial Banks, including State Owned Commercial Banks (Class ‘A’) are required to fully implement NFRS from 2015/16.

Risk Based Internal Audit

Risk Based Internal Auditing (RBIA) is a audit methodology that links an organisation's overall risk management framework and allows internal audit function to provide assurance to the board that risk management processes effectively, in line with risk appetite define by the Bank.

The Basel Core Principle for Effective Banking Supervision, and Basel/OECD Corporate Governance Principles of Banks requires the internal audit function to conduct the RBIA.

AML/CFT - KYC @ Mahendranagar

· 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

Capital Adequacy Framework Based on Basel III

BIS issued “Basel III: A global regulatory framework for more resilient banks and banking system” in 2010 in order to strengthen global capital and liquidity rules with the goal of promoting more resilient banks and revised it in 2011.

Thereafter, BCBS formulated six frameworks relating to Basel III.

· Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools,

· Guidance for national authorities operating the countercyclical capital buffer,

AML/CFT - KYC @ Nepalgunj

· 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

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