01
Our risk-based approach
We apply proportionate controls according to the customer, beneficial ownership, product, transaction, delivery channel and geographic risks involved. The depth and frequency of our checks may therefore differ between customers and transactions.
Our controls are designed with reference to applicable legal and regulatory requirements in the jurisdictions in which we operate, as well as recognised international standards for anti-money laundering and countering terrorist and proliferation financing.
02
Core compliance controls
Customer due diligence
Identifying and verifying customers, authorised representatives and beneficial owners using reliable information and documentation.
Purpose and source
Understanding the purpose of a relationship, expected activity and, where appropriate, the source of funds or wealth.
Screening
Screening relevant parties against applicable sanctions, politically exposed person and adverse-information sources.
Ongoing monitoring
Reviewing relationships and activity for consistency with known information and investigating unusual or potentially suspicious behaviour.
Records and governance
Maintaining appropriate records, escalation procedures, internal oversight and staff awareness in line with applicable requirements.
Regulatory cooperation
Making required reports and responding lawfully to requests from competent authorities, while respecting confidentiality obligations.
03
What we may request
Customers and counterparties may be asked to provide current, accurate and complete information, including:
- identity, registration and address information;
- ownership and control structures, including beneficial owners;
- the nature and purpose of the business relationship;
- source-of-funds or source-of-wealth evidence;
- supporting documents for a transaction or payment corridor; and
- additional information needed to resolve a compliance concern.
Customers are expected to promptly notify us when previously supplied information changes and to avoid using our services for unlawful, deceptive or prohibited activity.
04
When a risk cannot be resolved
Where permitted or required by law, Keemco Rails may delay, restrict, reject or decline to facilitate activity; request further information; end a relationship; or report relevant activity to a competent authority. We may be legally restricted from explaining certain compliance actions or reports.
This page is a public summary of our approach. It is not a complete internal compliance manual, legal advice, or a representation that Keemco Rails is licensed in every jurisdiction. Products and corridors remain subject to eligibility, due diligence, partner requirements and applicable law.
05
Compliance enquiries
For questions about this statement or information requested during due diligence, contact our team.
Email george@keemcorails.com ↗Reference framework
For official information, consult the Financial Intelligence Centre of Namibia and the Financial Action Task Force.