Audit & Compliance

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.

Program Takeaways

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

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

Program Takeaways

The program will help in understanding:

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

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

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

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

• 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