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AML Policy

AML Policy

Al Sadd Exchange implemented an effective Anti-Money laundering system to protect the financial sector from the threat of money laundering and terrorism financing offenses as a part of our commitment to participate in the international efforts to combat money laundering and terrorism financing. We are maintaining industry best standards in AML & CFT compliance and requires all our employees to adhere to these standards in order to prevent the use of our products and services by money launderers and terrorism financiers and to safeguard our customer’s interest. 

Our AML Policies and Procedures are in line with the rules, regulations and guidelines issued by Qatar Central Bank and other international organization like FATF and UN. We have documented the Anti-money laundering policies and procedures and updates periodically. All the employees of Al Sadd Exchange are well trained with the AML / KYC guidelines. KYC and Due Diligence process are mandatory before start dealing with any customer. 

We are screening the details of our customer and transactions against Sanctions, PEPs, SDNs and Criminal Watch lists (local and international) in real time. Staff should ensure that additional documents such as identification documents, documentary proof for source of fund and purpose of payment as applicable. Any transaction found suspicious or unusual should be reported to the AML compliance officer who will conduct a deep investigation and take appropriate action. 

All the transactions records including customer identification documents will be retained for further references and audit trail, as required by the regulators. All the information are kept confidential. We are applying the risk based approach in dealing with the AML & CFT activities as per the AML policies & Procedures. We are not dealing with any type of virtual or crypto currencies. 

We understand our responsibility as financial institution towards Anti Money laundering and combating financing of terrorism and to comply with all AML / CFT laws and regulations.