Karnali. A two-day interaction programme on promotion of interest of insured has concluded. Surkhet: A programme titled ‘Prevention of Money Laundering and Financing of Terrorist Activities’ organized by insurance authority state office Surkhet concluded on Monday.

Executive Chief of Insurance Authority Sushil Dev Subedi has said that the attraction of insurance will increase only by promoting the interest of the insured. He opined that awareness has been spread among the people of Karnali state regarding insurance in the recent past.

Executive Chief Subedi said that the training was conducted with the objective of informing and alerting about the new provisions and guidelines of the NRA. Stating that the work done by the insurance companies was commendable, he opined that the hope, awareness and certainty among the citizens would increase if they were committed to the risk-bearing work.

Padam Prasad Sodari, chief of the Regulation and Money Laundering Prevention Section of the NRA, made a presentation on national and international laws related to insurance, provisions, the main objectives of the money laundering system, risks of insurance, problems, customer identification, technical knowledge, resources and human resources, and the directives issued by the AUTHORITY.

He informed about the main provisions made in the Directive on Money Laundering and Financing of Terrorist Activities, 2082 BS.

He informed the participants that policies and procedures should be formulated and implemented from Section 3-12 of the directive, customer identification and confirmation, high-ranking people, real rich, large, simplified customer identification, updation of existing and real rich identity, continuous monitoring, report on border transactions and special attention should be paid to specific transactions.

Chiefs of banks and financial institutions were present on Sunday and chiefs of state and branch offices of Sajeevan and Nijivan Insurance Company and policy issuers on Monday.