KATHMANDU, MAY 22

Sun Nepal Life Insurance Company Limited conducted an Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) training programme for Agency Development Managers under its "ADM 360° Growth Summit 1.0".

The training was facilitated by the company's Head of Legal Department, Subash Bhandari, and focused on legal frameworks, regulatory provisions, identification of suspicious transactions and financial compliance measures related to money laundering and terrorist financing control.

According to the company, participants were also provided practical knowledge on customer identification procedures (KYC), risk assessment and suspicious transaction reporting.

Speaking during the programme, Bhandari stressed the importance of AML/CFT awareness and compliance in controlling financial crimes and maintaining institutional good governance.

The company said such programmes would continue in the future to strengthen regulatory compliance, transparency and financial discipline among employees and agency structures. Sun Nepal Life currently operates 148 branches and sub-branches across the country.