ABOUT ASKARI BANK

Bank’s Vision:
To be the bank of first choice in the region.

Bank’s Mission:
To be the leading bank in Pakistan with an
international presence, delivering quality service
through innovative technology and effective human
resource management in a modern and progressive
organizational culture of meritocracy, maintaining
high ethical and professional standards, while
providing enhanced value to all their stakeholders,
and contributing to society.
Account Opening Procedure
Decide Title Of Account You Want To Open

Saving
Account

Fixed Account
Approach To Bank Of Choice And Meet Its
Banker

Approach A Convenient
Banker For Information

Provide An Account Opening

Form(AOF)
Fill & Submission of Account Opening Form

Provide Necessary Details

Provide Necessary
Documentation
 Give References
Reference Of The Prospective A/C
Holder By Any Of Existing A/C
Holder

To Safeguard Interest Of Bank

 Verification Process
Completion Of AOP Form In
All Respect

Verification Of Documents
 Deposit Initial Amount to open
account

Necessary Amount To Be
Deposited

Bank Provide Pass Book, Cheque

Book and Other Necessities
 Account Opening Form

•Title of Account
•Address
•Identity Card number
•Telephone number (Office and Residence)
•Introductory Reference (all above mentioned particulars of
introducer)
•Signatures of the applicant
•Amount deposited
•Check book series
•Attach a copy of National Identity Card
•Specimen Signature Card
Specimen Signature Card
Cheque Book Request Form
Who can be the Customer?

Should Be Of
Sound Mind

Age Of
Majority

Not
Restricted By
Any Law
Documentation
Individual Account

Valid CNIC
PASSPORT
Job card
source of income
AOF- Account Opening form
SSC- specimen signature card
 Company Account
Valid CNIC of director’s
Company Letter Head,
Partnership Deed
Memo
Article
AOP FORM
 SSC
 MINOR ACCOUNT
VALID CNIC OF Guardian’s
B Form
Birth Certificate
AOP FORM
SSC
Job card of guardians
 Verices Need To Be Done Through

1.NICOP-National Identity Card For Overseas

Pakistani
2.NTN-National Tax Number

1.Partnership Deed, partnership Certificate Of

Registration
2.Memo & Article Of Association
3.Coi-certificate Of Incorporation

1.Ccb-certificate Of Commencement Of Business

2.Club Association Documents
3.License Of Importer And Exporter
FLOW CHART OF ACCOUNT OPENING
PROCESS
 What is Money Laundering?

“The process of changing

the identity of illegally
obtained money so that it
appears to have originated
from a legitimate source”
 Money Laundering

Drugs/Arms
Trafficking Criminal Activities
Terrorism Extortion conversion

Appears to Originate Illegally obtained

bank
from legitimate source Money
Money Laundering Process
MONEY LAUNDRING PROCESS
 Terrorist Financing

“The financing of terrorism can

be described as the process by
which a person tries to collect or
provide funds with the intention
that they should be used to carry
out a terrorist act by a terrorist
or a terrorist organization”
 Anti-Money Laundering

AMLO 2007
International KYC
Regulations

FIU

UNO CDD Mutual Legal

Assistance provision

EDD Detect Terrorist

Egmont Group
Financing
 AKBL AML Unit Policy

$
Regulatory Frame work
Continuous Monitoring

Conducted Operations in
conformity with high ethical
standards, banking laws and
regulations

Specific Procedures

Suitable training to employees

Conclus
Any
Questions