NRB directs BFIs and agencies carrying out financial transaction to keep vigil on bank accounts of high profile persons

Published On: June 10, 2022 06:15 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 10: Nepal Rastra Bank (NRB) has asked agencies authorized to carry out financial transactions to keep vigil on the bank accounts of high profile individuals including the government officials and businessmen.

Amending a unified directive on the provision of money laundering on Wednesday, NRB has asked the institutions concerned also to keep a close eye on the bank accounts of these individuals maintained in banks abroad. NRB has directed these institutions to notify the central bank provided any transaction of these persons is found suspicious.

In the issued circular, banks and financial institutions (BFIs), travel agencies, money changer and hotels, among others, have been made liable to maintain their vigilance on the suspicious transactions made through both bank accounts in both domestic and foreign banks. The persons to be kept under scrutiny include high profile Nepali citizens working in homeland and abroad. 

Similarly, any big transactions made in the name of companies and the parties concerned for the transactions will fall under scrutiny of NRB. The central bank has sought to keep vigil also on the financial transactions of family members of these individuals.      

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