AML Training on SME Risk in Nepal 15 June 2022 15 June 2022 | 3:00 p.m. Kathmandu Time | Virtual Trade-based money laundering and terrorist financing are serious global problems. It is important to prevent criminals from using the complex network of trade and financial transactions for illegal activities. However, the AML efforts and requirements may result in unintended consequences which may hamper legitimate SME businesses. The ADB TSCFP has launched a number of initiatives to streamline AML/CFT activities, in collaboration with its partner banks, regulators, and international organisations. Join colleagues from the Nepal financial Services to build awareness of the issue, develop capacity to respond, and foster financial inclusion, while maintaining a high level of required controls. Speakers: Moderator: Roberto Leva, Relationship Manager, Trade & Supply Chain Finance Program, Asian Development Bank Elizabeth “Kelly” McCann, Senior AML/CFT-KYC Expert, Business & Finance Consulting Sworup Shrestha, Deputy Director, Financial Information Unit, Nepal Program and Learning Materials 15 June 2022 Session / Activity Title Speaker(s) Opening Session Introduction Roberto Leva AML Training on SME Risk in Nepal Overview of Trade Based Money Laundering (TBML) This presentation gave an overview of TBML risks, methods, red flags, controls,risk assessments, customer due diligence (CDD). Ms McCann identified… Elizabeth McCann AML Training on SME Risk in Nepal Overview of Customer Due Diligence of SME Cusmoters This presentation discussed integrating best practices in CDD and ongoing monitoring of SME customers and measuring the effectives of your SME-CDD… Sworup Shrestha AML Training on SME Risk in Nepal · Nepalese Case Studies - local/regional case studies when TBML has been identified in SMEs – how and related violations · Suspicious Transaction Reports Nepal Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Pinky Rose Lustre ADB Organizer/s Private Sector Operations Department