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Banking Offenceबैंकिङ कसुरA banking offence is an act prohibited by the Banking Offence and Punishment Act, 2064, such as opening accounts or withdrawing money without authority, misusing loans or forging bank documents, which harms the banking and financial system.Risk & ComplianceBeneficial OwnerBOवास्तविक धनीA beneficial owner is the natural person who ultimately owns or controls a customer or on whose behalf a transaction is carried out, even if the account is in another person's or a company's name.Risk & ComplianceBusiness Continuity Plan and Disaster RecoveryBCP/DRव्यवसाय निरन्तरता योजना तथा विपद् पुनर्लाभA business continuity plan sets out how a bank keeps critical services running during disruptions such as earthquakes, fires, pandemics or system failures; disaster recovery covers restoring IT systems and data, usually from a backup site.Risk & Compliance