Training Program on Anti-Money Laundering and Terrorist Financing Prevention Concluded

The Securities Board of Nepal (SEBON) successfully conducted an orientation/training program on “Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF)” for employees of securities brokers and dealers. The sessions were held on 2082/02/30 and 2082/03/04, with a total of 93 participants from various licensed market participants.

During the program, SEBON’s Acting Executive Director, Mr. Rupesh K.C., emphasized the importance of effective implementation of legal and policy provisions related to AML/CFT/CPF and urged all stakeholders to play a proactive role. He also highlighted that similar capacity-building programs will be organized regularly.

Likewise, Deputy Executive Director Mr. Dipesh Tamrakar stated that implementation of AML/CFT/CPF measures is improving and stressed that the knowledge gained from this training should be applied in practice.

Director of SEBON’s AML Division, Ms. Ritambhara Basnet, delivered a detailed presentation covering the fundamentals of AML/CFT/CPF, customer due diligence, client risk assessment systems, securities-related offenses, reporting obligations to SEBON and the Financial Information Unit (FIU), and screening for potential threats in the securities sector. Assistant Director Mr. Bhuvan Desar coordinated the training sessions.

SEBON continues to monitor and supervise reporting entities through a risk-based approach and has issued several legal directives to ensure compliance. In line with this, earlier sessions were conducted for merchant bankers and specialized investment fund managers, focusing on Targeted Financial Sanctions (TFS), beneficial ownership, politically exposed persons, and adverse information screening.

Altogether, SEBON has provided AML/CFT/CPF training to 151 employees of reporting entities during this fiscal year. The Board believes that such programs enhance market participants’ capacities and contribute to a more transparent, accountable, and resilient capital market.