KATHMANDU, Aug 31: Nepal Investment Bank Ltd (NIBL) has said that it has joined the Know Your Customer (KYC) Registry. KYC Registry is a centralized repository that maintains a standardized set of information about correspondent banks required for KYC compliance.
Issuing a press release on Monday, the bank said that it joined the registry which allows it to share information with its correspondent banks.
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"We are honored to be the pioneering bank in Nepal to join the KYC Registry. This tool will allow us to proactively share information with our correspondent banks, increase efficiency and reducing cost while complying with global regulations.,” the release quoted Bijendra Suwal, Chief Information Officer of NIBL, as saying.
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