Hamdan Exchange has a written and documented KYC & AML Policy which is reviewed every quarter by the Board of Directors. We are committed to comply with the rules and regulations regarding Anti Money Laundering and Combating Terrorist Financing of the country.
It is our policy to check each transaction against the OFAC watch list. The watch list is being updated into our remittance platform on regular intervals. We have adequate controls pertaining to the transaction activity at several instances of the life cycle of a transaction.
We conduct training programs for our employees on Compliance matters on regular intervals and all employees are updated with any changes in the related rules and regulations.
We have a dedicated Compliance Department headed by a competitive Compliance Manager. Compliance audit is being held by an independent auditor every year and the AML Audit Report is submitted to regulators.