At Samsara Remit Pvt. Ltd., we prioritize the fight against money laundering and comply with all relevant regulations and international standards. We actively cooperate with government agencies in Nepal and have established robust AML/CFT policies in line with the directives of the Central Bank of Nepal.
We acknowledge the significance of combating money laundering and adhering to global compliance requirements. We maintain complete cooperation with the Government of Nepal, the Central Bank of Nepal (NRB), the Department of Money Laundering Investigation (DMLI), and other relevant government agencies in their efforts to combat money laundering. Our AML/CFT policy is meticulously designed in accordance with the laws, Directives, Circulars, and Rules and Regulations set forth by the Nepal Rastra Bank. As responsible corporate citizens and financial institutions, we are committed to taking all necessary measures to ensure strict adherence to AML/CFT policies, as directed by the Central Bank of Nepal and in alignment with international standards.
Customer Risk is depending upon the customer and company relationship. Customer risk is detected by the segmentation that risk perceptions of the customer’s profile. It is conducted when the customer performs an action that provides no parallel to their profile.
Customer risk Assessment is conducted by the various risk indicators.
Bank Deposit: Bank Deposit transaction goes through multiple screening.
Samsara System >> NCHL >> Bank
SANCTIONED LIST - UK
Fed in Samsara System
Step 1: Hold Status
Step 2: Compliance Notification
Step 3: Suspicious Hold List
Step 4: FIU Reporting
Every transaction exceeding the limits set by Central Bank of Nepal and any suspicious transaction has to be immediately reported to the Central Bank Financial Information Unit (FIU). When the inwarded transaction is getting monitored and if found suspicious or crossing the threshold amount it is then reported via “go AML” to the FIU Department. Go AML is a FIU department official reporting website where we have to report every TTR and STR logging into the site https://goaml.fiu.nrb.org.np/TST/Home
We have Record Retention policy of about 6 years. Every updated KYC, Payment slips, and Account Deposited, Fund Transfer Documents are physically kept in the Record Files.
Independent Audit / Assurance on AML
At Samsara Remit, we prioritize the highest standards of integrity and compliance. We hold ourselves to the strictest Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations, leaving no room for compromise. Additionally, to ensure transparency and accountability, we subject ourselves to an annual independent audit, reinforcing our commitment to maintaining the utmost trust and confidence of our valued customers.