Audit & Compliance

Nepalese Financial Reporting Standard

The Institute of Chartered Accountants of Nepal (ICAN) has announced the implementation of NFRS in Commercial Banks from fiscal year 2015/16. However, Nepal Rastra Bank has issued its directive to commercial banks to prepare their financial statements of 2017/18 based on NFRS.  NFRS is principle based a high quality standard which is divergent to local GAAP. Adoption of NFRS impacted greater areas including financial reporting as well as loan loss provisioning requirements.

Understanding AMLCFT Transaction Monitoring Principles and Practices

Program Takeaways 

  • Enhanced knowledge on different ways and methods of transaction monitoring required for banks.
  • Better understanding on knowhow of different types suspicious/unusual transactions and activities along with knowledge on reporting and summary write-ups.

 

Target Audience

  • Below staffs of banks and financial institutions and all reporting entities (DNFBPs): 
  • Staffs of Compliance and AML/CFT units 
  • Frontline staffs at branches/departments

Overview of AML/CFT

The program will help in understanding:

· How a BFI can take business and AML/CFT together

· How a BFI can best expand business together with AML/CFT compliance

· How AML/CFT help expanding business

· How minimum resources and staffs can work on AML/CFT

· How a BFI can best implement newly amended but rigorous laws with limited resources

AML/CFT-KYC

The program will help in understanding:

· How a BFI can take business and AML/CFT together

· How a BFI can best expand business together with AML/CFT compliance

· How AML/CFT help expanding business

· How minimum resources and staffs can work on AML/CFT

· How a BFI can best implement newly amended but rigorous laws with limited resources

AML/CFT-KYC

Program Takeaways 
 
Theoretical, Legal and Practical for: 
 
 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

AML/CFT-KYC

Program Takeaways

Theoretical, Legal and Practical for:

· 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

Aml /CFT - KYC

Program Takeaways

Theoretical, Legal and Practical for:

· 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

AML/CFT-KYC

The program will help in understanding: 
  • How a BFI can take business and AML/CFT together 
  • How a BFI can best expand business together with AML/CFT compliance
  • How AML/CFT help expanding business
  • How minimum resources and staffs can work on AML/CFT
  • How a BFI can best implement newly amended but rigorous laws with limited resources
  • Linkage between Banking and AML/CFT measures and their inseparability
  • Instruments that help assessing risk and focusing only on the high risk areas

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