Machhapuchchhre Bank picks ZIGRAM for AML and fraud risk management

Machhapuchchhre Bank Limited has selected ZIGRAM’s Complete AML System to improve sanctions screening, transaction monitoring and fraud risk management as Nepal’s banking sector faces tighter compliance demands. The deal pairs ZIGRAM’s AML tools with Nepal-specific intelligence and NRB/FIU-Nepal reporting support.

Why it matters: - Machhapuchchhre Bank Limited is upgrading its financial crime controls with a platform built to handle both AML compliance and fraud prevention in one system. - The selection adds Nepal-focused watchlists and local regulatory alignment, which can improve risk detection and reporting for a national bank. - The deal reflects growing demand for integrated FRAML tools as banks digitize and face more complex financial crime risks.

What happened: - Machhapuchchhre Bank Limited selected ZIGRAM’s Complete AML System to strengthen its anti-money laundering and financial crime risk management capabilities. - The system covers sanctions screening, customer risk management, transaction monitoring and fraud risk management. - ZIGRAM said the bank chose the platform after a rigorous evaluation process. - The implementation is being carried out with local partners in Nepal.

The details: - The platform is designed as a microservices-based and highly scalable solution for digital-first financial institutions. - ZIGRAM says the system combines AML, fraud risk management, localized intelligence and flexible deployment options in a single FRAML framework. - The selection included ZIGRAM’s native data assets and watchlists with deep Nepal-focused politically exposed person and watchlist coverage. - The system is configured to align with Nepal Rastra Bank regulations and Financial Information Unit-Nepal reporting requirements. - The setup includes support for goAML reporting standards. - ZIGRAM says its broader risk data library includes more than 3,415 global watchlists, more than 9 billion content items, and coverage across more than 250 jurisdictions in 45 languages. - ZIGRAM also says its Risk Application Ecosystem addresses more than 40 risk use cases, including fraud prevention, anti-bribery compliance, supply chain risk and third-party risk management.

Between the lines: - The deal shows how AML buying decisions are shifting beyond compliance checklists toward broader financial crime risk management. - Nepal-specific data appears to be a key differentiator, since localized coverage can matter as much as global sanctions and watchlist content. - Dolma Consulting’s role suggests local implementation support remains important when global RegTech tools enter smaller or more regulated markets. - ZIGRAM framed the win as part of a wider push to deliver market-relevant technology for financial institutions modernizing their operations.

What's next: - ZIGRAM and local partners will continue the implementation work to adapt the platform to Nepal’s operational and regulatory requirements. - Machhapuchchhre Bank is expected to use the system to strengthen compliance, reduce financial crime exposure and build customer trust. - The bank’s leadership and compliance teams will remain involved in the rollout, including Chief of Information Technology Hem Shreshtha and Chief Compliance Officer Bhuvan Singh Khatri.

The bottom line: - Machhapuchchhre Bank is betting on a unified AML and fraud platform that pairs global risk tooling with Nepal-specific intelligence and regulatory fit.