ANTI-MONEY LAUNDERING (AML) POLICY
Last updated: May 19, 2026
Karamouzi Africa Interbank Solutions (KAIS) is committed to the highest standards of Anti-Money Laundering (AML) compliance and requires management, employees, and partners to adhere to these standards.
1. PURPOSE
This policy is designed to prevent Karamouzi Africa Interbank Solutions (KAIS) from being used for money laundering or terrorist financing activities.
2. CUSTOMER DUE DILIGENCE (CDD)
We implement the following measures:
- Identity verification through government-issued ID
- Address verification
- Source of funds verification where required
- Enhanced due diligence for high-risk customers
3. TRANSACTION MONITORING
We monitor transactions for:
- Unusual patterns
- Large or frequent transactions
- Transactions inconsistent with customer profile
- Geographic risk factors
4. SUSPICIOUS ACTIVITY REPORTING
All suspicious activities are:
- Reported to the designated compliance officer
- Documented and retained
- Reported to relevant authorities as required by law
5. RECORD KEEPING
We maintain records of:
- Customer identification documents
- Transaction records
- Suspicious activity reports
- Training records
6. PROHIBITED ACTIVITIES
We do not accept:
- Anonymous accounts
- Cash deposits
- Third-party payments without verification
7. CONTACT
For AML-related inquiries: