Our commitment to AML-CTF standards and international regulatory compliance
Last updated: January 2025
Money laundering is the illegal process of making money by getting involved in criminal activities such as drug trafficking or terrorist funding. Goodwill Remit's AML-CTF policy is dedicated to preventing money laundering, adhering to the rules set by the Central Bank of Nepal and the Money Laundering Prevention Act, 2008. We closely adhere to the rules set by international organizations such as OFAC, FATF, APG, and other important compliance bodies. Our policy doesn't permit us to engage in any relationship with a Politically Exposed Person (PEP) or their families.
All customers are required to provide valid government-issued identification before using our services. Accepted documents include Citizenship Card, Passport, and Driving License. This is a legal requirement under Nepal's AML-CTF framework and international best practices.
We have implemented policies and procedures to prevent money laundering and terrorist financing, including KYC. We conduct regular audits, maintain a dedicated compliance department, provide regular staff training, and screen all transactions against OFAC, UN, and other international sanctions lists in real-time.
We operate under the oversight of Nepal Rastra Bank (NRB), and align with FATF, OFAC (US Treasury Sanctions), APG (Asia-Pacific Group), FIU Nepal (Financial Intelligence Unit), and the Money Laundering Prevention Act 2008.
We have a zero-tolerance policy for any violations of our compliance policies. We cooperate fully with regulators and law enforcement agencies in any investigations. Suspicious transactions are reported to FIU Nepal as required by law.