Money laundering is the illegal process of making money by getting involved in criminal activities such as drug trafficking or terrorist funding.

Money laundering typically comprises three key stages: Placement, Layering, and Integration. Our AML-CTF policy is dedicated to thwarting money laundering activities in alignment with Nepal’s Central Bank regulations and the Money Laundering Prevention Act 2008, authorized by the Parliament of Nepal. I Pay Remit rigorously follows the guidelines of international Institutions i.e the Office of Foreign Asset Control (OFAC) of the US Department of Treasury and relevant recommendations of the G7 Financial Action Task Force (FATF) and Asia Pacific Group (APG) policy to globally fight against AML. Our policy doesn't permit us to engage in any relationship with Politically Exposed Person (PEP) or their families.We strongly oppose any transactions involving shell entities, in line with the guidelines set by the Financial Information Unit (FIU). Additionally, we conduct periodic audits and updates of Know Your Customer (KYC) and Client Due Diligence procedures as required.

Our framework further includes prevention of financing and proliferation of nuclear, chemical or biological weapons capable of mass destruction. All employees must adhere to this framework strictly.

Our framework further includes prevention of financing and proliferation of nuclear, chemical or biological weapons capable of mass destruction. All employees must adhere to this framework strictly