Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF) Policy – Almadahal
Company Name: Almadahal
Registered Address: Seeb Ruwi, Sultanate of Oman
1. Purpose
Almadahal is committed to preventing money laundering, terrorist financing, and other unlawful activities. This policy outlines the basic steps we take to comply with applicable laws and industry best practices.
2. Customer Identification (KYC)
Before approving any loan, we may request:
- Valid government-issued identification
- Proof of address
- Any additional documents required to confirm your identity and the source of funds
3. Monitoring & Reporting
We monitor loan applications and transactions for suspicious activity.
If suspicious activity is detected, we will report it to the appropriate authorities as required by law.
4. No Tolerance for Illegal Use
Our services must not be used for:
- Criminal or fraudulent purposes
- Financing terrorism
- Laundering proceeds of crime
5. Staff Awareness
All team members involved in loan processing are trained to identify and escalate suspicious activity.
6. Dispute Resolution
Any disputes will be handled by a court of appropriate jurisdiction.
Responsible Lending Statement
Company Name: Almadahal
Registered Address: Seeb Ruwi, Sultanate of Oman
1. Our Commitment
At Almadahal, we believe lending should help people move forward, not set them back. We assess every loan application carefully to ensure that repayments are realistic and affordable.
2. Fair & Transparent Terms
We clearly explain interest rates, repayment schedules, and any fees before you commit to a loan. There are no hidden charges.
3. Customer Support
If you face difficulty in making payments, we encourage you to contact us early so we can explore solutions — such as adjusted payment schedules.
4. No Predatory Lending
We do not approve loans if we believe the applicant will not be able to meet repayment terms without financial hardship.
5. Your Responsibility
Before taking a loan, we encourage you to:
- Consider your budget and repayment ability
- Seek independent advice if needed
- Borrow only what you can reasonably afford to repay