Karim Money Exchange Limited is strongly committed to preventing the use of its operations for money laundering, any activities which facilitate money laundering or the funding of terrorist or criminal activities. Accordingly,the Company will comply with all applicable laws and regulations enacted by the Government of the United Kingdom designed to combat money laundering activity and the financing of terrorism. The company will also comply with all International Laws to which the Government of the United Kingdom subscribes, including regulations of the EEA and the USA patriot Act, and will cooperate with the appropriate authorities in efforts to prevent any misuse of financial channels.

Every employee of the company is required to act in the furtherance of this policy statement to protect the Company from exploitation by money launderers or terrorists.

 

 Money Laundering is the process that disguises the illegal origin of the money. It is the result of a large number of criminal acts to generate a profit for an individual or group that carries out these acts. Nowadays money laundering has turned into a serious crime and in recent years the world has been seriously concerned about it. Various measures have been taken to stop this unlawful act. In some countries regulatory bodies have been formed to eliminate the crime. It is essential for us to know the effect money laundering has on our economy specifically, and on our society in general.

 

 

 

 

In order to restrict this criminal activity, Karim Money Exchange is establishing comprehensive anti money laundering strategies aimed at: