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Nepal
Identity Verification & KYC For Nepal
Shufti delivers KYC and KYB verification aligned to Nepal's Asset (Money) Laundering Prevention Act 2008 and Nepal Rastra Bank (NRB) regulatory requirements for AML compliance.
Operational performance for Nepal KYC
Our Numbers Speak Volumes
98.72%
Pass Rates
< 5 sec
Verification
Time
100%
Omni-format Document
Recognition
Evidence-Ready Checks Across People & Businesses in Nepal
Individual Documents We Verify
Shufti supports 10 Nepali document types.
View All Supported DocumentsCitizenship Certificate (Nagarikta Praman Patra)
Establishes Nepali nationality under Citizenship Act 2006; required for bank accounts, passports, and property purchases. Essential for Nepal KYC verification.
National Identity Card (Rastriya Parichaya Patra)
Biometric smart card with National Identity Number, photo, fingerprints and iris scan on microchip; mandatory for citizens aged 16 and bank accounts.
Passport
Standard travel document issued by Nepal's immigration authority; supports English and Nepali language fields for KYC verification and international compliance.
Voter ID Card (Matdata Parichaya Patra)
Election Commission document with voter ID and personal information; now usable as primary voting identification as merger with National ID progresses nationwide.
Driver's Licence (Chalak Anumati Patra)
Department of Transport Management driving authorisation; requires citizenship certificate to obtain. Used for identity verification and KYC purposes across Nepal.
Business Entity Identity
Company Registration Certificate
Issued by Office of Company Registrar after incorporation; contains unique QR code supporting business identity verification and KYB Nepal capabilities.
Certificate of Incorporation
Digitally signed document containing company registration number and formal registration details issued by Office of Company Registrar with full legal standing.
Business Tax Identity
Permanent Account Number (PAN) Certificate
9-digit unique identifier issued by Inland Revenue Department; required for all Nepali taxpayers and business entities operating in Nepal for tax compliance.
VAT Registration Certificate
Issued by Inland Revenue Department upon verification; contains unique 9-digit VAT number required for businesses exceeding VAT threshold in Nepal's market.
Ownership & Control (UBO)
Memorandum of Association (MoA)
Foundational document defining company's external relationships, objectives and scope of activities; must be submitted in Nepali language for legal standing.
Articles of Association (AoA)
Governs internal management, shareholder rights including voting and dividends, and director responsibilities; required to be in Nepali language format.
Shareholder Register/Membership Book
Records company ownership structure and shareholding details; essential for beneficial ownership identification under Money Laundering Prevention Act 2063.
Languages We Cover
Devanagari Script Handling For Nepal
Shufti processes Devanagari script used in Nepali identity documents, supporting automated extraction of script-native fields for accurate verification.
Name Matching Controls
Transliteration-aware rules handle Devanagari-to-English conversion for Nepali names, reducing false mismatches across Latin spelling variants for accuracy.
Evidence Consistency Across Steps
Devanagari and English fields remain visible for audit review and KYC quality assurance, maintaining evidence trails for Nepal money laundering compliance.
GOVERNANCE & CONTROLS
Audit-Ready Decisions, Lower Operational Drag
Fewer Avoidable Re-Submissions
Certificate format diversity (handwritten, standardised, biometric); structured guidance and visibility checks reduce retries from document quality issues.
Cleaner Audit Trails
NRB and FIU-Nepal reporting demands traceable decisions; Shufti produces consistent outputs, reason codes and evidence retention aligned to FATF requirements.
Better Name Matching Outcomes
Devanagari-to-English transliteration via rule-based matching resolves script variations, reducing false rejections from name mismatches in Nepal KYC.
One Workflow, One Back Office
KYC, KYB and AML screening operate in single operational view supporting integrated compliance for Nepal's banking and fintech sectors effectively.
National ID-First Flow Design
National ID mandatory for bank account opening; structured extraction and repeatable checks deliver audit-ready evidence for Nepal KYC requirements.
Nepal IDV/KYC Challenges
Format Diversity
Citizenship Certificates vary (handwritten, standardised, biometric); inconsistent quality complicates automated verification and increases manual review.
Remittance Flows
Nepal receives USD 40.91 billion annual remittances; informal hundi channels create significant AML evasion and transaction monitoring risk.
FATF Grey List
Nepal placed on FATF grey list 21 February 2025; enhanced CDD requirements and two-year compliance window increase operational burden.
Open Border Risk
Unrestricted Nepal-India movement creates identity verification and transaction monitoring challenges; cross-border flows present ongoing AML risk.
Shufti's IDV/KYC Solutions for Nepal
KYC Solutions
Face Verification
Liveness verification plus face-to-document matching stops impersonation via Citizenship Certificate and National ID, reducing remittance fraud risk.
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Age Verification
Selfie-based age estimation with Citizenship Certificate or National ID Card verification fallback; blocks underage access whilst maintaining fast KYC.
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Address Verification
Shufti can verify any address-bearing document including NEA bills, Nepal Telecom, Ncell and statements from Nabil Bank, NIC Asia Bank or Global IME Bank.
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Document Verification
Detects tampered Citizenship Certificates, National ID Cards and passports; reliably extracts fields across Devanagari and English script variations.
.KYB Solutions
Business Verification
Verifies Nepal businesses via OCR-extracted registration details, PAN validation and shareholder register cross-checks confirming legal entity status.
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Enhanced Due Diligence (EDD)
Addresses FATF grey list risk through structured beneficial owner disclosure, multi-step evidence collection and enhanced screening for high-risk entities.
.AML Screening
Business AML Screening
Screens Nepali entities and owners/directors against domestic sanctions lists, UN sanctions and PEP watchlists, catching risk before entity activation.
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Transaction Screening
Monitors flows for mule networks and remittance structuring; supports continuous AML compliance aligned to goAML obligations since August 2023.
.Built to Fit Nepal's Compliance Landscape
Nepal Rastra Bank (NRB)
Central bank regulating financial institutions under KYC standards. Shufti evidences CDD steps, maintains screening records and produces audit trails. Official Website: https://www.nrb.org.np
Financial Intelligence Unit Nepal (FIU-Nepal)
Receives and disseminates suspicious transaction reports to enforcement. Shufti preserves evidence for case preparation and maintains investigation records. Official Website: https://www.nrb.org.np/departments/fiu/
Department of Money Laundering Investigation (DMLI)
Ministry of Finance authority investigating money laundering and terrorism financing. Shufti supports DMLI by enabling re-verification and preserving evidence. Official Website: https://dmli.gov.np
Securities Board of Nepal (SEBON)
Capital markets regulator protecting investors under Securities Act 2006. Shufti structures KYB evidence, routes approvals and maintains decision records. Official Website: https://www.sebon.gov.np
Nepal Insurance Authority (NIA)
Insurance regulator for licensing, supervision and consumer protection. Shufti supports compliance through structured KYB and beneficial ownership verification. Official Website: https://nia.gov.np
Office of the Company Registrar (OCR)
Government authority for company registration under Companies Act 2063. Shufti supports Certificate verification, QR authenticity checks and evidence capture. Official Website: https://ocr.gov.np
Inland Revenue Department (IRD)
Ministry of Finance tax authority for income tax, VAT and excise duties. Shufti supports compliance via KYB evidence, PAN validation and tax verification. Official Website: https://ird.gov.np
Deployment Choice
AWS, Azure and Google Cloud lack physical Nepal data centres; regional infrastructure in South Asia or on-premise solutions available for regulated entities.
Regulatory Alignment
Individual Privacy Act 2018 is Nepal's primary data protection legislation covering collection, storage, processing and use of personal information.
Retention Controls
Asset (Money) Laundering Prevention Act 2008 mandates five-year minimum retention of financial records, customer transaction data and KYC documentation.
Encryption Posture
Industry-standard encryption in transit (TLS 1.2+) and at rest (AES-256) aligned to Nepal Rastra Bank guidelines and international AML/CFT best practice.
Data and Privacy Controls in Nepal
Nepal AML Sources That Strengthen Decision
National Assembly of Nepal
Ministry of Finance Nepal
Ministry of Foreign Affairs Nepal
Ministry of Home Affairs Nepal
Ministry of Defense Nepal
The Himalayan Times
Kathmandu Post
Republica
National Assembly of Nepal
Ministry of Finance Nepal
Ministry of Foreign Affairs Nepal
Ministry of Home Affairs Nepal
Ministry of Defense Nepal
The Himalayan Times
Kathmandu Post
Republica
Republica
National Assembly of Nepal
Ministry of Finance Nepal
Ministry of Foreign Affairs Nepal
Ministry of Home Affairs Nepal
Ministry of Defense Nepal
The Himalayan Times
Republica
Frequently Asked Questions
What are the KYC requirements in Nepal?
NRB mandates KYC under the Asset (Money) Laundering Prevention Act 2008. Customers must provide identity proof (Citizenship Certificate, National ID or passport), address proof and source of funds documentation. Enhanced due diligence applies to high-risk customers.
What is the goAML system and who must use it in Nepal?
goAML is UN software used by FIU-Nepal to receive STRs, SARs and Threshold Transaction Reports. Since 15 August 2023, all reporting entities including banks, fintech firms, payment service providers and digital wallet operators must submit reports exclusively through goAML.
Is the National Identity Card sufficient for KYC in Nepal?
The National Identity Card (Rastriya Parichaya Patra) is mandatory for bank account opening. Centralised KYC uses NID biometric data, but banks also require annual income, account beneficiaries and beneficial ownership details not stored on the card.
What are Nepal's AML regulations and who enforces them?
Primary legislation is the Asset (Money) Laundering Prevention Act 2008, amended 2011. Enforcement is shared by NRB for banking; FIU-Nepal for STR analysis; DMLI for investigations; and SEBON for securities compliance. Nepal was placed on the FATF grey list in February 2025.
What documentation is required for KYB verification in Nepal?
Companies must provide a Certificate of Incorporation, Company Registration Certificate (with QR code), Memorandum and Articles of Association, PAN certificate, VAT certificate (if applicable), shareholder register and UBO declarations for shareholders holding 15 per cent or more.
What is beneficial ownership and why does Nepal require it?
Beneficial Ownership (UBO) is the natural person ultimately owning or controlling a company, holding 15 per cent or more of capital. Nepal requires UBO disclosure under its AML legislation and FATF standards to prevent money laundering through opaque ownership structures.
Why was Nepal placed on the FATF grey list in 2025?
Nepal was added to the FATF grey list on 21 February 2025 due to weak AML enforcement, insufficient prosecution of money laundering offences, inadequate beneficial ownership transparency, and poor supervision of high-risk sectors including cooperatives and real estate. Nepal has until February 2027 to exit.
What are the AML compliance requirements for fintech providers in Nepal?
Fintech and payment providers must implement KYC and e-KYC with biometric verification, conduct ongoing transaction monitoring, file STRs via goAML within three days of detection, and maintain records for a minimum of five years. Digital wallets and VASPs are explicitly included in Nepal's reporting requirements.
Build a Nepal-ready KYC, KYB & AML programme with Shufti
INDEPENDENTLY AUDITED. GLOBALLY CERTIFIED.
Certified to Global Standards
PROVEN WORKFLOWS
Use Cases for Regulated Growth in Nepal
Reduce Fraud Without Blocking Growth
Shufti supports marketplace integrity by verifying seller and buyer identities, enabling age-gated journeys where needed, and preserving evidence to support investigations, disputes, and risk-led enforcement actions.
Secure Trust at Every Transaction
Automate KYC and AML workflows to reduce manual onboarding costs. Strengthen residency checks while delivering the frictionless digital experience modern customers expect.
Scale Your Exchange with Confidence
Balance anonymity with compliance. Instantly verify user jurisdiction to meet Travel Rule obligations and help stop abuse without slowing down legitimate trading volume.
Accelerate Growth, Eliminate Friction
Onboard users in seconds, not days. Deploy tiered address verification flows that maximise completion rates for genuine users while filtering out synthetic fraud.
Onboard Global Traders in Real-Time
Verify investors across 250+ countries & territories. Ensure compliance with international financial regulations while preventing identity theft and high-risk chargebacks.
Power a Fair & Secure Player Experience
Reduce bonus abuse and multi-accounting rings at the door. Enforce location rules and trigger step-up checks without disrupting the player journey.
Build a Trusted, Verified Workforce
Screen freelancers and drivers at scale. Verify residency and reduce onboarding friction while maintaining trust between users.
Let’s Tailor your journey
Just a few quick questions to guide your Shufti experience.
Shufti
Market Positioning and Commercial Assessment
Industry stands at 1.7rating
Best ID Verification Innovator
TOP 10 KYC Solution Provider
Best Client Onboarding Solution
Samer Al Tamimi@CEO of Safwa Bank
We take our client's privacy very seriously and always look for new innovative solutions to ensure a safe banking experience. Working with Shufti feels like a breath of fresh air, as their 100% in-house tech keeps our customer's data free from vulnerabilities and fully safe and protected.
PROVEN PLAYBOOKS
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