ISLAMABAD: National Investment Trust Limited (NITL), Pakistan’s first & largest asset management company, has selected Refinitiv’s ‘World-Check’ to support its compliance with the provisions of the Securities and Exchange Commission of Pakistan’s Anti-Money Laundering (AML) and Combating Financing Terrorism (CFT) regulatory framework.
Refinitiv’s World-Check Risk Intelligence is used by regulated companies to help screen for financial crime risks as part of their anti-money laundering compliance programmes. Refinitiv’s database delivers accurate and reliable data that assists clients in their decision-making processes. It employs hundreds of specialist research analysts across the globe, who adhere to stringent research guidelines when collating information from reliable sources – such as watchlists, government records, and reputable media publications.
“This step marks another milestone for NITL’s vision to ensure effective compliance in line with the SECP’s AML & CFT framework. We are committed to fighting financial crime and will be leveraging our robust technology infrastructure to achieve our compliance vision as we scale our business in a sustainable and responsible manner,” said NITL Managing Director Adnan Afridi.
“We’re pleased to have been chosen by NIT as it moves towards establishing a solid compliance program. Know Your Customer (KYC) screening is now a critical process in mitigating financial crime and regulators are placing significant attentions in this area across their policymaking agenda. We believe this partnership will help NIT take a further step in meeting their regulatory requirements in Pakistan and beyond,” said Refinitiv Managing Director (Middle East and Africa) Nadim Najjar.