January 14, 2020: National Investment Trust Limited (NITL) has selected World-Check from Refinitiv to support its compliance effectiveness in line with the provisions of the Securities and Exchange Commission of Pakistan’s (SECP) Anti-Money Laundering (AML) and Combating Financing Terrorism Regulatory Framework.
“This step marks another milestone for NIT’s vision to ensure effective compliance in line with the SECP AML & Combating Financing Terrorism Regulatory 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, Adnan Afridi, Managing Director, NIT.
“We’re pleased to have been chosen by NIT as it moves towards establishing a solid compliance program. KYC screening is now a critical process in mitigating financial crime and regulators are placing significant attention 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 Nadim Najjar, Managing Director, Middle East and Africa, Refinitiv.