KYC/AML

Compliance with laws and regulations in all the spheres of business activities has been the corner stone of PKIC’s business philosophy. Strict compliance with applicable laws ensures that our customers and counterparties transact with us in confidence and in transparent manner.

Strong compliance and governance environment is maintained through PKIC’s comprehensive policy framework which includes Code of Conduct and Know Your Customer (KYC) policy guidelines.

The Code of Conduct aims to instill a corporate behaviour where conflict of interest is effectively managed, market integrity is upheld and constant endeavors are made to curb corruption in all its forms. High level of professional ethics maintained by the staff translates into protection of client’s interest and PKIC’s reputation.

The KYC and “Anti Money Laundering (AML)” policies and procedures aim to eliminate the risk of carrying on business with counterparties that may be using funds of illegitimate origin. The State Bank of Pakistan’s “AML/CFT Regulations”, PKIC’s KYC policy and the international best practices on preventing money laundering are followed to address AML/KYC risk. The policy framework prevents illicit funds from entering the financial system thereby creating stability in the financial markets.