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KYC Policy – Sky Exchange

KYC

POLICY!

Know your customer, alternatively known as know your client or simply KYC, is the process of a business verifying the identity of its clients and assessing their suitability.

FOLLOW ALL TRANSACTION POLICIES

With good knowledge of our customers, we are better able to identify unusual or suspicious behavior, including false identities, unusual transactions, changing behavior, or other indicators that money laundering may be occurring.

“Know Your Customer” policy is the most effective weapon being used to check money laundering & terrorist financing.

The Company strictly follows all the due diligence policies and procedures of the State Bank to identify the principal before the transaction actually takes place.


INTRODUCTION

The prime method of anti-money laundering is the requirement to know your customers and this is usually termed as KYC (Know Your Customer).

TRACK A RATE

With good knowledge of our customers, we are better able to identify unusual or suspicious behavior, including false identities or other indicators.

PRIME METHODS

The prime method of anti-money laundering is the requirement to know your customers and this is usually termed as KYC (Know Your Customer).

BEST VALUE RETURNS

Sky Exchange requires the following customer details in Telegraphic Transfer/Demand Draft application forms:

  • Sender’s full name and address
  • Sender’s contact number
  • Sender’s CNIC or passport copy
  • Sender’s occupation/business
  • Beneficiary’s full name and address
  • Beneficiary’s passport number
  • Beneficiary’s date of birth
  • Beneficiary’s contact number
  • Beneficiary’s bank details i.e. Account No., Bank Address, transit no/Swift code etc
  • Purpose of remittance
  • Signature of the sender

You don’t have to travel far for a complete menu of foreign exchange services. Sky Exchange company help you with everything from currency exchange to international wires, and more.

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