Anti Money Laundering and KYC Policy of Remit2Nepal

REMIT2NEPAL Pvt. Ltd strictly adheres to its Country compliance with Anti-Money Laundering and Anti-Terrorism Financing Act. REMIT2NEPAL Pvt. Ltd has adopted an Anti-Money Laundering (AML) compliance policy & procedure as set forth by Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) act globally.

The fight against money laundering is a priority for REMIT2NEPAL Pvt. Ltd. We recognize that the fight against money laundering is a team effort. Therefore adherence to “Anti Money Laundering Policy” is essential for the safety and ethical standards of the Company’s operations.

Our policy is to conduct business in compliance with all applicable laws and regulation and stop criminals from using our products and services for the purpose of money laundering. Our cooperation to our regulators is in its entirety wherein we aim to maintain the highest operating standards to safeguard the interest of our customers, our shareholders, our staff and the communities where we operate.

"

Regulation Compliance

Remit2Nepal holds a license from the Nepal Rastra Bank (Central Bank of Nepal), Department of Foreign Exchange Management. The company complies with regulations set by international organizations such as FATF, UN, EU, and the Office of Foreign Assets Control (OFAC) to combat money laundering and terrorist financing.

AML/CFT Policies

Remit2Nepal has implemented an Anti-Money Laundering/Counter-Terrorist Financing Policy and a Know Your Customer Policy (collectively "AML Policies"). These policies are reviewed periodically and updated to align with industry standards and international regulations. All employees and senior management must acknowledge and adhere to these policies.

Why Must We Combat Money Laundering

REMIT2NEPAL is committed to preventing its services from being used for illegal activities like money laundering and terrorism financing. The company cooperates with regulators and enforces strict Anti-Money Laundering policies, including customer identification and transaction monitoring.

Prohibitions & Procedures

• Remittances to social, religious, or charitable organizations are strictly prohibited.

• Customer due diligence, reporting, record-keeping, internal controls, risk management, and communication protocols are in place to prevent illegal activities.

Hundi Yes, Remit2Nepal

Remit2Nepal Fully Committed for ANTI HUNDI and legal Remittance from worldwide.