Kathmandu – Ramu Paudel, Executive Director of the Bank Supervision Department at Nepal Rastra Bank, has expressed concern over the limited use of technology in the field of anti-money laundering (AML), despite the increasing adoption of technology by banks and financial institutions.

Addressing the Fintelekt AML Leadership Conclave 2025, Paudel stated that while the use of technology has seen a notable rise in banking and financial sectors, its application in AML remains minimal. He emphasized the need for technologies such as Artificial Intelligence (AI) to be utilized in the AML domain to help mitigate associated risks.

Paudel stressed that effective risk assessment should be carried out through efficient use of technology. He also acknowledged the commendable progress made by Nepali banks in maintaining good governance and moving forward responsibly.

However, he noted that certain challenges still persist in the banking sector. Referring to Nepal’s recent inclusion in the financial grey list, Paudel mentioned that the central bank is actively working to address the issues and facilitate the country’s removal from the list.