Rastra Bank directs banks to identify electronic financial fraud
Nepal Rastra Bank has directed banks and financial institutions to identify and report potential financial fraud through electronic means. The central bank issued this circular considering the risk of cyber fraud and scams that may increase during the public holidays of Dashain, Tihar, and Chhath festivals.
Kathmandu . Nepal Rastra Bank has directed banks and financial institutions to identify and report potential financial fraud through electronic means.
The central bank issued a circular to all banks and financial institutions giving such instructions. The directive was issued considering the risk of cyber fraud and scams that may occur during the public holidays of Vijaya Dashami, Deepawali, and Chhath festivals.
Nepal Rastra Bank has also instructed banks to provide transaction details of electronic financial fraud incidents in a timely manner. This is expected to help control financial fraud during the festive season and protect consumer interests.