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Effective internal policies |
The most important component of our administrative control
structure is our duty to formulate and implement effective
internal policies for running our business. Although we are
not required to identify money laundering schemes, but the
suspicious transactions that may uncover the scheme. Our aim
is to do business in a way that impedes and deters money
laundering and this requires a legislative framework to
establish the administrative control measures, which by the
grace of God, KKI is doing. This is the corner stone of our
policies. Since we are always at a risk of being abused for
money laundering schemes and thus we always have a role to
play and we are doing it in the following manner:
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Complete record keeping and reporting the same
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By following the audit trail, the transactions
and those involved, money-laundering schemes are
identified if such a case comes forward
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Ensure enhanced scrutiny to guard against money
laundering and to ensure detection and reporting
of illegal activity to the SBP
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Obtaining and reviewing details of the banks
anti-money laundering programs all over Pakistan
and of leading international banks
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Monitoring of transactions and screen the person
who has authority to direct a fund transaction
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Ascertain the source of funds deposited by
customer weather an individual, bank or a company&
report any suspected violation of law to SBP
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