Kathmandu. Kathmandu÷: Nepal Insurance Authority (INSURANCE AUTHORITY) has organized a skill enhancement programme on AML/CFT for AML/CFT implementing officers in Kathmandu on Monday. During the two-day event, participants were briefed on the existing anti-money laundering acts, rules, guidelines and directives issued by the AUTHORITY, norms set by the FATF against money laundering and measures to be taken against money laundering.
Concluding the program, Chairman of Nepal Insurance Authority Sharad Ojha said that insurance companies should organize internal trainings to prevent money laundering and make the employees of branch and sub-branch offices aware against money laundering.
Pointing out the need for insurance companies to focus on adopting preventive measures against money laundering, Chairman Ojha said, “The risk assessment of insurance companies should be right, one cannot see the risk and the other cannot see it, there is no unhealthy competition if everyone sees the risk, this will help the insurance sector in the long run.” ”
“Let us make positive efforts from the grassroots level to prevent illegal money from entering the insurance sector, enable the employees to identify the risk, collectively take action against money laundering, which will help in streamlining the insurance sector,” ojha said, directing the insurance companies to inform the concerned authorities about the suspicious risk if it is identified. ”
On the occasion, Chairman Ojha handed over certificates to the participants of the program.
Executive Director of Nepal Insurance Authority Sushil Dev Subedi urged the participants to use the knowledge learned in the program in the workplace.
A total of 47 AML÷CFT implementing officers from Nepal Insurance Authority, Life Insurance Company, Non-Life Insurance Company, Small Life Insurance Company, Small Life Insurance Company and Reinsurance Company participated in the program.
