Audit & Compliance

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

Fraudulent Behavior with Signature and Document Forgery

Forgery in documents which are used for any banking transactions may lead to greater economic loss. Hence personnel involved in such activities need to know the ways of forgery in documents like check, ID and different aspects of signature, fingerprint etc. Recent events show the vulnerabilities of bank employee in detecting such forgeries, especially detecting forged signature, ID and checks. Hence getting such knowledge regarding such aspects makes banking employee and bank more secure.

Fraudulent Behavior with Document and Signature Forgery and Security Features of Currencies

For financial institutions, better handling of different types of documents is essential. Technique to communicate with customer legally with good faith is always required in any institutions. Likewise signature verification is basic need for bankers whereas  losses due to forged signature is in increasing order. Similarly, trade of counterfeit currency is big threat for our economy. Forensic laboratory is continually receiving such forged documents, cheques as well as currencies. The awareness towards it is essential for bankers.

Fraudulent Behavior with Signature and Document Forgery

Forgery in documents which are used for any banking transactions may lead to greater economic loss. Hence personnel involved in such activities need to know the ways of forgery in documents like check, ID and different aspects of signature, fingerprint etc. Recent events show the vulnerabilities of bank employee in detecting such forgeries, especially detecting forged signature, ID and checks. Hence getting such knowledge regarding such aspects makes banking employee and bank more secure.
 
Program Takeaways

    Nepalese Financial Reporting Standards

    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.

    Fraudulent Behavior with Document and Signature Forgery and Security Features of Currencies

    For financial institutions, better handling of different types of documents is essential. Technique to communicate with customer legally with good faith is always required in any institutions. Likewise signature verification is basic need for bankers whereas  losses due to forged signature is in increasing order. Similarly, trade of counterfeit currency is big threat for our economy. Forensic laboratory is continually receiving such forged documents, cheques as well as currencies. The awareness towards it is essential for bankers.

    Risk Based Internal Audit

    As the size and complexity of financial institutions have increased, so have the challenges of understanding and reducing risks down to truly manageable levels by implementing internal controls. An effective Internal Audit function is the vital component that independently and objectively evaluates the risk management and assesses the adequacy, appropriateness and effectiveness of controls and compliance with the Bank’s systems and procedures.

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