Economy

Central bank tightens compliance rules for PSP’s with new targeted financial sanctions guidelines

KATHMANDU: Nepal Rastra Bank (NRB) has issued a comprehensive set of guidelines mandating Payment Service Providers (PSPs) to rigorously implement Targeted Financial Sanctions (TFS) against individuals, groups, and entities listed on the United Nations Consolidated List and Nepal’s Domestic Terrorist List. The new framework, released by NRB’s Payment Systems...

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