Nepal Bankers’ Association (NBA) successfully organized an interaction session on “International Sanction Compliance, Targeted Financial Sanctions and Proliferation Financing”. The program aimed to enhance participants’ understanding on international sanctions, emerging risks, compliance requirements, best international practices for mitigating associated risks and proliferation financing; along with creating a significant robust compliance framework in the banking sector, particularly in today’s rapidly evolving geopolitical landscape.
Mr. Serhane Victor, Head of Sanctions Compliance ASEAN and South Asia at Standard Chartered Bank, delivered an insightful presentation covering economic sanctions, emerging risks, global regulatory responses and implications for financial institutions. He also presented real-world case studies and shared his insights on OFSI Financial Services Threat Assessment, sanctions evasion trends, screening tools and international best practices for due diligence.
The program was attended by various officials from member banks.
