In a direct response to Nepal’s placement on the Financial Action Task Force (FATF) “grey list”, key capital market stakeholders associated with Cweda Equity Fund and related funds managed under it convened at Mercure Hotel, Kathmandu, for a mandatory session on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Countering Proliferation Financing (CPF).
Managing Director Mr. Janak Raj Pant opened the session, emphasizing that compliance is no longer an administrative formality but a operational necessity to preserve market integrity. Organized by Cweda Equity Fund Limited, the intensive program targeted the company’s Board of Directors, committee members, unitholders, employees, and related leadership. Facilitated by resource person Mr. Basudev Adhikari, the session focused strictly on high-stakes regulatory compliance and practical enforcement rather than theoretical overviews. His expertise also briefed and emphasized over the reporting standards NEPAL AML/CFT COMPLIANCE ARCHITECTURE that included regulatory bodies mandatory reporting structures by Securities Board of Nepal (SEBON) and NRB, Financial Intelligence Unit (FIU-Nepal).
Queries like Mandatory Compliance Actions , GoAML Reporting, CDD, STR, UBO, ,PEP ,TTR etc. were raised and answered before the session reached its completion.
Later, The program concluded with closing remarks from Chairman Mr. Hari Krishna Shrestha, who re-affirmed the institution’s commitment to building a zero-tolerance compliance culture aligned with SEBON directives and international standards.