Anti-Money Laundering
Qaran Express has a comprehensive compliance and anti-money laundering policy within its network to ensure full compliance with international rules and regulations. We recognize the importance of complying with all anti-money laundering laws and combating the financing of terrorism.
All our agents and partners are required to implement and maintain comprehensive anti-money laundering processes laid out in our AML manual. This aim is to detect, deter and disrupt financial crime and terrorist financing.
Scope:
- Employee Training
- Record Keeping
- Compliance with local & international regulations
- Prevention of terrorism financing
Objectives:
- Understand fully the mechanics and methods of money laundering & terrorist financing
- Are aware of the company's anti-money laundering policy & procedure
- Are aware of their legal obligations in their dealings with customers
- Are alert to suspicious transactions
- Detect and prevent money laundering & terrorist financing
- Report suspicious transactions according to set procedures
- Retain appropriate records for the required period