Your safe, easy and reliable money transfer partner

Compliance

Thamel Remit is committed to ensuring that its services and delivery channels are not misused for money laundering, terrorist financing, or any other illicit financial activities. The company maintains a zero-tolerance approach toward funds derived from illegal sources and strictly prohibits the use of its platform for such purposes.

In accordance with the Asset (Money) Laundering Prevention Act, 2064 (Nepal) and the directives, circulars, and guidelines issued by the Nepal Rastra Bank (NRB), Thamel Remit has implemented robust Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) controls. These measures are designed to prevent, detect, and report suspicious financial activities and to ensure full regulatory compliance at all times.

Financial crimes pose a significant global risk to the integrity of the financial system. Thamel Remit actively contributes to mitigating these risks by maintaining effective internal policies, systems, and procedures, including but not limited to:

• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), where applicable
• Risk-based customer and transaction profiling
• Ongoing transaction monitoring
• Sanctions screening, watchlist checks, and Politically Exposed Person (PEP) identification
• Record-keeping in line with regulatory requirements

In addition to complying with the laws and regulations issued by the Government of Nepal and Nepal Rastra Bank, Thamel Remit aligns its AML/CFT framework with international best practices and standards, including those set by the Financial Action Task Force (FATF) and other relevant international anti-money laundering and counter-terrorist financing bodies.

Thamel Remit strictly adopts and enforces policies that comply with all applicable legal and regulatory requirements governing its operations. The company's dedicated compliance team is responsible for continuous monitoring of daily transactions, identifying unusual or suspicious activities, timely escalation and submission of Suspicious Transaction Reports (STRs) to Nepal Rastra Bank, and periodic review and enhancement of AML/CFT policies and controls to address emerging risks.