Comliance with anti-money laundering and countering terrorist financing
Dahabshiil has developed a comprehensive compliance and anti-money laundering program that is used throughout its network to ensure full compliance with all relevant rules and regulation. We recognize the importance of complying with all anti-money laundering laws and combating the financing of terrorism. All our agents are required to implement and maintain the comprehensive anti-money laundering processes lay out in our AML Guidelines.
The purpose of the training and guidelines is to make sure that Dahabshiil staff and agents comply with local rules and regulations and apply best practice on international anti-money laundering procedures to ensure that they:
Understand the mechanics and methods of anti-money laundering procedures fully
Are aware of the company’s anti-money laundering policies and procedures
Are aware of the their legal obligations in their dealings with customers
Are alert to suspicious transactions
Retain appropriate records for the required period