Nepal

FIU-Nepal guidance for all reporting entities on suspicious transaction and suspicious activity reports, filed electronically through goAML. It says the guidelines are issued under sections 7(S)(2) and 10(1)(b) of the Act, and sets out reporting indicators for each sector.

FIU-Nepal guidance on threshold transaction reports, with thresholds per sector (for example Rs 1 million in cash in one transaction or in a day for A, B and C class banks and financial institutions) and a fifteen-day filing period. Insurers file on the 1st and 16th of each Nepali month. The guidelines say thresholds can be changed by NRB notice.

Issued by NRB's Payment Systems Department in August 2023 for A, B, C and D class BFIs, payment system operators and payment service providers. The board is ultimately responsible for cyber risk (item 17), a senior executive such as a CISO with direct access to the board is expected (items 30 to 32), and a cyber incident that could be material or systemic is to be reported immediately to the relevant authorities (item 127, Section F).