Nepal
5 regulators · 3 laws & regulations · 2 obligations · 1 enforcement action
| Obligation | Timing | Regulator | Arises from | Source | Detail |
|---|---|---|---|---|---|
| Banking | |||||
| Report suspicious transactions to FIU-Nepal | Deadline Immediately after the examination establishes reasonable grounds for suspicion | FIU-Nepal | — | official | |
Reporting entities must send a suspicious transaction report to the FIU immediately after examination gives reasonable grounds for suspicion, including for attempted transactions. The Guidelines cite section 7(S)(1) of the Act, and say failure to report can bring a fine of up to ten million rupees under section 10(7). |
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| Report threshold transactions to FIU-Nepal | Deadline Within fifteen days from the date of the transaction | FIU-Nepal | — | official | |
Reporting entities must file threshold transaction reports with the FIU in its format under section 10A of the Act; Rule 35 of the 2024 Rules is cited for changes to the thresholds. For A, B and C class banks and financial institutions the trigger is a cash deposit or withdrawal of Rs 1 million or more in one transaction or in a day on one account. |
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| No obligations match these filters. | |||||