Customer Due Diligence Nepal

Anti-Money Laundering and Counter-Terrorism Financing Laws in Nepal are the legal framework that aims to prevent and combat the crimes of money laundering and terrorism financing in Nepal. Money laundering is the process of concealing or disguising the origin, source, location, ownership or control of money or assets that are derived from criminal activities. Terrorism financing is the process of providing or collecting funds, directly or indirectly, with the intention or knowledge that they will be used to carry out terrorist acts or support terrorist organizations.