Nepal to Launch Anti-Scam Center to Combat Cyber Fraud
To combat rising cyber fraud, Nepal Rastra Bank, Nepal Police, commercial banks, payment service providers, and telecommunications companies are establishing a joint 'Anti-Scam Center' in Kathmandu. With daily cyber fraud complaints reaching up to 300, the current bureaucratic hurdles often allow scammers to withdraw stolen funds before accounts can be frozen. The new centralized mechanism, approved by the Home Ministry, aims to begin operations within a month pending budget approval from the Ministry of Finance. Representatives from various stakeholder institutions will work 24/7 from a single location to instantly identify and freeze fraudulent bank accounts, block scam websites, deactivate numbers, and expedite fund recovery for victims. Additionally, suggestions have been made to leverage Artificial Intelligence for faster processing of scam-related disputes.


















