Himalayan Life Insurance Holds Orientation Program on Money Laundering Prevention
Kathmandu – Himalayan Life Insurance Limited has organized an orientation program on money laundering prevention, emphasizing compliance with regulatory directives and strengthening internal safeguards. The program was held on Friday at the Hilton Hotel, Kathmandu.
Speaking at the event, Shambaraj Lamichhane, Director of the Nepal Insurance Authority and Head of the Regulation and Money Laundering Prevention Division, highlighted that the Authority has recently issued the Money Laundering Prevention Directive, 2082, for insurance companies. He stated that the directive has clarified key compliance requirements and urged life insurers to strictly adhere to the provisions. Lamichhane also commended Himalayan Life’s efforts so far in this area and encouraged the company to enhance its effectiveness in the coming days.
Similarly, Padam Sodari, Deputy Director of the Nepal Insurance Authority and Branch Chief of the Money Laundering Prevention Department, shed light on the mandatory compliance measures life insurance companies must implement to curb money laundering risks.
On behalf of the company, Shulav Agrawal, Chairman of the Board of Directors, assured that Himalayan Life has already made necessary arrangements to strengthen its anti-money laundering (AML) mechanisms and will continue to fully comply with NIA’s policies and regulations. Board Member Pramila K.C. and Chief Executive Officer Manoj Kumar Lal Karna also reiterated the company’s commitment to tackling money laundering with seriousness and diligence.
The program was attended by the company’s Board of Directors, committee members, shareholders, and senior management officials.