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NRB tightens reporting rules for remittance companies

Financial institutions handling money transfers must now provide daily transaction data to the central bank within three days.

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  1. 0:01Nepal Rastra Bank has introduced stricter
  2. 0:03reporting timelines for remittance businesses
  3. 0:07Firms must submit daily transaction records
  4. 0:10to the central bank within
  5. 0:11three days
  6. 0:13Monthly summaries are required within seven
  7. 0:16days of the month ending
  8. 0:18Quarterly and annual provisional financial statements
  9. 0:21must be delivered within 15 days
  10. 0:25For the full story visit wenepal.com
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