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Money transfers play a crucial role in Nepal’s economy. With millions of Nepalis working abroad, from Australia, the Gulf, Malaysia, Japan, Korea, Europe, to the UK, remittance has become one of the strongest lifelines for families back home. Because of this large financial flow, Nepal has strict Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations to make remittance secure, transparent, and fully compliant.

City Express Money Transfer, as one of Nepal’s leading remittance companies, follows a robust AML framework aligned with Nepal Rastra Bank (NRB) guidelines. This article explains how AML policies work in Nepal’s money transfer sector and how platforms like City Express Money Transfer help customers move funds safely, whether users are sending support to family, transferring savings, or managing regular financial responsibilities.

Why AML Matters in Nepal’s Remittance Sector

AML policies are essential because Nepal receives billions in remittance each year. With growing digital transfers, regulators want every transaction, whether coming from the UAE, Qatar, South Korea, Australia, or Europe, to be safe and traceable.

AML ensures:

• No illegal activity is mixed with legitimate remittance

• Every transaction is transparent and accountable

• Customers’ documents, identity, and purpose remain verified

• Criminal activities such as fraud, terrorism financing, or misuse of digital wallets remain prevented

This helps protect migrant workers, families, and financial institutions alike.

City Express and AML Compliance Commitment

City Express follows a strict compliance framework, updated regularly as required by Nepal Rastra Bank (NRB). Key commitments include:

1. Regulatory Compliance

• Full adherence to NRB guidelines

• Alignment with international AML/CTF standards

• Regular internal and external audits

• Ensuring all services, from Sending Money To Nepal  (Australia, UAE, Europe, Japan, Qatar, etc.), operate under the same compliance standards

2. Customer Due Diligence (CDD) & KYC

Before money can be transferred, customers must complete KYC verification. City Express collects either or one of the following documents:

• Citizenship

• Passport

• National ID

• Additional documents for high-risk transactions

3. AML & CTF Monitoring

City Express uses real-time monitoring tools to detect patterns such as:

• Unusually large amounts

• Repeated transactions in short intervals

• Mismatched sender/receiver information

Suspicious Transaction Reports (STRs) and Large Value Transaction Reports (LVTRs) are submitted to FIU-Nepal whenever necessary.

4. Data Privacy & Security

• All customer information is encrypted and safely stored

• No data is shared without legal requirement

• Compliance extends to all services listed in the sitemap, including Receive Money in Nepal, City Pay App, and Payout Locations

5. Staff Training

Every City Express staff member receives periodic training on:

• AML/CTF laws

• Ethical handling of financial data

• Fraud prevention

• New regulatory updates

6. Record Keeping

Transaction and KYC documents are securely stored for at least five years, as per NRB requirements. This includes both digital and in-branch transfers.

How AML Policies Protect Customers Using City Express

Whether someone transfers funds to Nepal from Australia, Saudi Arabia, South Korea, Kuwait, UAE, Europe, or Malaysia, AML ensures that:

• Their money reaches Nepal safely

• Their identity is protected

• Their transactions are not blocked or delayed due to compliance gaps

• They can confidently use City Express without worrying about illegal misuse

Strong AML systems also help ensure smooth payouts at Nepal’s banks, agents, and City Pay locations.

Connecting AML With City Express Services

AML compliance strengthens every major service listed in City Express’s website:

✔ Sending Money to Nepal

Country-specific pages ensure global transparency, whether customers are completing a transfer from Japan, UK, Qatar, Singapore, or Brunei.

✔ Receiving Money in Nepal

Safe payouts at agents, banks, and mobile wallets depend entirely on compliance verification.

✔ Why Us / About / Contact

These pages reinforce transparency, customer protection, and operational clarity, core values behind AML.

✔ Blog Section

Educational content, like this article, helps customers understand how compliance works behind the scenes.

Why AML Makes Remittance Faster and Safer

Many people assume AML slows down transactions, but the opposite is true:
A strong AML framework allows companies like City Express to process remittances quickly, because the system can instantly verify customer details and flag suspicious activity without manual delays.

This means Nepalis abroad can send support home with confidence, knowing the system is secure, audited, and government-regulated.

AML Builds Trust for Every Remittance User

Nepal’s AML regulations are designed to keep remittance safe, transparent, and beneficial to the country’s economy. City Express’ compliance framework ensures that every customer, whether abroad or in Nepal, receives secure, regulated, and trustworthy service.

From global sending routes to local payout channels, AML is the backbone that keeps money transfers smooth, legal, and stress-free.

For questions related to compliance, customers can reach City Express at:

📧 compliance@cityremit.com
📞 +977-1-4531900