(1) According to the prevailing law, the financial institution shall correctly identify and confirm the customer by taking the following details and information before making a wire transfer of any currency or any amount in accordance with the prevailing law:-(a) Name of the originator, (b) Account number of the originator and, in case of no account, to identify the transaction. (c) address of the originator or, in the absence thereof, his date and place of birth or citizenship number or national identity card number or customer identification number, (d) name and account number of the beneficiary and, in the absence of an account, a separate source number that may identify the transaction, (e) Other details or information prescribed by the regulatory body. Explanation: For the purposes of this section, the term "originator" means the actual owner of the money through wire transfer. (2) The provisions of sub-section (1) shall also be applicable in the case of wire transfer deposited in the watch file. (3) In the wire transfer as a result of the purchase of goods or services through a debit card, credit card or prepaid card as shown in the transaction card, the arrangement according to sub-section (1) and when making a wire transfer between financial institutions to their own account, sub-section (1) or (2) ) shall not be applicable. (4) If the originator or beneficiary is its existing customer, if there is no risk of default from the transactions he carries out and if the financial institution is satisfied with his correct identification and confirmation, the financial institution may not identify and confirm the customer in accordance with sub-section (1). (5) The financial institution may not take the details or information as per clause (c) of sub-section (1) when transferring seventy-five thousand rupees or less to the customer. The financial institution should be attached with the wire transfer payment message (payment message). (7) Working as an intermediary for wire transfer or giving payment.Any financial institution in Nepal shall ensure that the details as per sub-section (6) are received. (8) If the necessary documents or details as per sub-section (7) are found to be missing, the financial institution shall send the amount or demand from the financial institution under the payment chain. (9) Sub-section (8) ) if the requested information cannot be received, the financial institution of Nepal that gives payment or acts as a medium may suspend, reject or make payment based on the policy and procedure of such wire transfer as per sub-section (10). The financial institution shall create and implement a risk-based policy and procedure for wire transfer monitoring, inquiry, suspension, rejection, identification of the real owner and beneficiary, payment, etc. (12) A financial institution that works on wire transfer of seventy-five thousand rupees or more must correctly identify the beneficiary when paying the said amount. (13) Sending money or value through wire transfer, acting as a medium and The financial institution making the payment shall preserve all records and details related to the wire transfer for at least five years from the date of the transaction. The funds of the following persons, groups or organizations shall be withheld immediately and no one shall be allowed to transact. (15) A financial institution dealing with wire transfers shall make the following arrangements in relation to its agents:- (a) Prevention of financial investment in money laundering and terrorist activities. Implementing the program and monitoring whether it is being followed or not, (b) preparing the updated details of the agents and publishing them publicly on the website. (16) andThe National Bank may make more necessary and appropriate arrangements regarding air transfer.