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Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.
It is a Government company licensed under section 8 of the Companies Act, 2013 having its Registered Office at New Delhi. CERSAI is owned by the Indian Central Government, Public Sector Banks and National Housing Bank for the purpose of operating a Registration System under the provisions of Chapter IV of the Securitisation and Reconstruction ...
The Industrial Development Bank of Pakistan (IDBP) was established on July 29, 1961, through the transformation of the Pakistan Industrial Finance Corporation (PIFCO). [1] PIFCO, founded in February 1949 with a share capital of Rs. 20 million, was primarily funded by the Central Government (51 percent) and various institutional and individual ...
Central Depository Company of Pakistan (CDC) is a Pakistani central securities depository company which provides services for equity, debt and other financial instruments. [2] It is based in Karachi, Pakistan. [3] CDC is regulated by the Securities and Exchange Commission of Pakistan. [4] The current CEO is Badiuddin Akber. [4]
HBL Microfinance Bank Ltd (HBL MfB) is a Pakistani microfinance bank headquartered in Islamabad. [ 2 ] [ 3 ] HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in the country [ 4 ] with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP).
The rule change will affect far more people, however, because it both eliminates the number-of-transactions threshold and drastically lowers the dollar-limit threshold to more than $600 for all ...
An attorney of record was not listed online for him Thursday, but online records show he is set to appear before a judge on Jan. 21, for an attorney status hearing.
In November 2018, the Competition Commission of Pakistan approved Alipay's – a subsidiary of Ant Financial – acquisition of 45% shareholding in the microfinance bank for $184.5 million. [6] [7] In November 2021, the board of MCB bank approved to conduct due diligence to buy 55% shares of Telenor Microfinance Bank. [8] [9] [10]