NRB Urges Compliance with Anti-Money Laundering Act

Nepal Rastra Bank (NRB) has called on everyone to comply with the laws related to the prevention of money laundering.

The central bank reminded that, under the Asset (Money Laundering) Prevention Act, 2008 (2064 B.S.), concealing, disguising, converting, or using assets obtained through criminal activities is considered “money laundering.” Transactions, transfers, changes in ownership, or assistance to third parties aimed at hiding the illegal origin of such assets are deemed unlawful.

Similarly, individuals who conspire, assist, encourage, advise, or are directly or indirectly involved in such activities will also be subject to punishment under the law, NRB has warned.

In its notice issued to promote financial awareness, NRB stated: “Let us comply with the laws related to the prevention of money laundering and avoid legal punishment.”

Customers facing issues or complaints can report through the online portal www.gunaso.nrb.org.np or contact the Financial Consumer Protection Unit of NRB at 01–5719605.