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Anti Money Laundering
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KYC Policy
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FE Rules
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  • Now you can make your Western Union Transactions from around the world through AA Exchange Company in our Jinnah Super Branch, F-7 Markaz, Islamabad
  • Now you can make your Western Union Transactions from around the world through AA Exchange Company in our DHA Phase IV Branch, Karachi
  • Now you can make your Western Union Transactions from around the world through AA Exchange Company in our Clifton Branch, Karachi
  • Now you can make your Western Union Transactions from around the world through AA Exchange Company in our Hyderi Branch, Karachi-
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KYC Policy
AA Exchange, KYC policy is the preemptive anti-money laundering measures to halt any misuse of the exchange channel for money laundering. The Company strictly follows all the due diligence policies and procedures of the State Bank and other law enforcement agencies to identify the principal before the transaction actually takes place.
"Know Your Customer"
The policy framework of AA Exchange is intended to regulate the operations so as to ensure the flow of only legal money through the remittance channels. We aim to:
  • Identify customers with true documentation that are seeking to conduct transaction
  • Be alert to any unusual transaction activity
  • To prevent the creation of fictitious accounts with standardized procedures
We try to focus on the following key areas in maintaining the KYC policy:
Customer Profile
AA Exchange focuses on correctly profiling the customer in the Remittance application forms covering the following
  • Name of the Customer
  • Date and place of birth
  • Nationality
  • Permanent Address
  • Telephone Nos. (Res. & Off.)
  • Purpose of transaction
  • Passport No (if the customer is making a FTT, FDD)
  • NTN (depend upon the nature of remittance)
  • Nature of Business
  • Bank Account
Record Retention
All record of customers is retained as per State Bank of Pakistan record retention policy. Complete privacy is maintained as according to our privacy policy.