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AML-CFT Policy

Policy Statement

IME is dedicated to conduct business operation in a safe and sound manner in compliance with the highest legal and ethical standards. IME has established strict standards of compliance with regulations designed to assist in the detection and prevention of money laundering and terrorist financing.

Money laundering and terrorist financing is a global challenge and has been declared criminal activities in most of the countries.

Regulators and government have been issuing various acts, directives, guidelines and circulars to combat ML/TF such as The Asset (Money) Laundering Prevention Act, 2008 (2064 B.S.),NRB Remittance guidelines, 2067 B.S., Anti-Money Laundering Directives to Money Remitter/Money Transferor, Dec 9, 2009 (2066),Asset (Money) Laundering Prevention Act – 2nd Amendment, 2014 A.D., etc.

We recognize that the fight against money laundering and financing of terrorism, is a team effort and this “Anti Money Laundering Policy” provides guidance on identifying and controlling risk associated with ML/TF.

The purpose of this policy is to enhance the company’s compliance with anti-money laundering laws and regulations, to assist law enforcement in combating ML/TF to minimize the risk of company resources being used for improper purposes and safeguard the interest of our customers, shareholders, staff member and communities where we operate.

We always seek to comply with both, the letter and spirit of relevant laws, rules, regulation, code and standards of good practice and aim to promptly address any irregularities that may arise, as we believe in transparency in our financial and regulatory reporting with swift disclosure of any breaches.

Letter to IME Agents

IME Ltd. has established and implemented its own comprehensive internal compliance and control procedures and policies concerning money laundering. You are required to adopt these procedures as your own AML program. This policy is specifically intended to help you comply with anti-money laundering laws and regulations. Additionally, we will keep you informed of any changes to the laws and regulations that might affect you as an agent of IME.

We expect you to strictly adhere to the letter and the spirit of the applicable law and regulations regarding money laundering prevention.

IME has a corporate and social responsibility to comply with the requirements laid down for each country in which we operate and we have written this procedures/ manual for our employees and for our agents to strictly observe.